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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β10.61%
3d Period Avgβ8.35%
swingΒ±31.27%
LONG Hotcoin Β· now
+25.74%
3d avg:+16.33%
SHORT Bybit Β· now
+15.14%
3d avg:+7.98%
Entry Spread Now
β0.036%
Against youL ask 82.2800 Β· S bid 82.2500β$3.65 at entry
24h range β0.15%β¦+0.10% Β· median β0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$40.53
β0.41%
$Avg Daily PnL
β$1.75
β0.0175%
β
Best Day
β$1.07
Oct 15
βOpen Interest
Hotcoin$17.52M
Bybit$15.27Mβ‘Funding APR
β6.38%
annualized Β· funding only
β Execution Cost
β$35.29
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hotcoin$2.68MBybit$2.53MLoading Cumulative PnLβ¦
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (β$35.29 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.