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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
−24.23%
7d Period Avg+12.83%
swing±16.57%
LONG Bitget · now
+10.96%
7d avg:−12.59%
SHORT Hotcoin · now
−13.27%
7d avg:+0.24%
Entry Spread Now
−0.067%
Eaten by executionL 0.03005 · S 0.03003−$6.66 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
+$0.59
+0.01%
$Avg Daily PnL
+$3.51
+0.0351%
★Best Day
+$7.04
Nov 12
◎Open Interest
Bitget$971.5K
Hotcoin$590.2K⚡Funding APR
+12.82%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
6.8d
to break even
◧24h Volume
Bitget$282.6KHotcoin$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.