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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
β20.41%
3d Period Avgβ8.35%
swingΒ±31.27%
LONG Hotcoin Β· now
+17.06%
3d avg:+16.33%
SHORT Bybit Β· now
β3.36%
3d avg:+7.98%
Entry Spread Now
β0.012%
Against youL ask 81.6000 Β· S bid 81.5900β$1.23 at entry
24h range β0.15%β¦+0.15% Β· median β0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$39.59
β0.40%
$Avg Daily PnL
β$1.75
β0.0175%
β
Best Day
β$1.07
Oct 15
βOpen Interest
Hotcoin$17.38M
Bybit$15.13Mβ‘Funding APR
β6.38%
annualized Β· funding only
β Execution Cost
β$34.35
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hotcoin$2.70MBybit$2.39MLoading 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$34.35 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.