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updated —CHIP Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−23.25%
3d Period Avg+10.40%
swing±19.05%
LONG Bitget · now
+10.96%
3d avg:−8.01%
SHORT Hotcoin · now
−12.29%
3d avg:+2.39%
Entry Spread Now
−0.100%
Eaten by executionL 0.03000 · S 0.02997−$10.00 if it converges
24h range −0.81%…+0.94% · median −0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$15.46
−0.15%
$Avg Daily PnL
+$2.85
+0.0285%
★Best Day
+$7.04
Nov 12
◎Open Interest
Bitget$970.2K
Hotcoin$589.0K⚡Funding APR
+10.40%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
8.4d
to break even
◧24h Volume
Bitget$281.7KHotcoin$1.01MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.