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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+103.29%
30d Period Avg−23.66%
swing±133.23%
LONG Bybit · now
−92.33%
30d avg:−72.13%
SHORT Hotcoin · now
+10.96%
30d avg:−95.79%
Entry Spread Now
+0.000%
NeutralL 0.03145 · S 0.03145
24h range −0.72%…+0.35% · median +0.00%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Limited funding history — chart clipped to available data
- Hotcoin (Short): data starts Sep 14, 2026 (17d available out of 30d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 96%, short 41% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
+$134.21
+1.34%
$Avg Daily PnL
+$5.24
+0.0524%
★Best Day
+$83.03
Sep 15
◎Open Interest
Bybit$1.23M
Hotcoin$244.4K⚡Funding APR
+19.13%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
4.4d
to break even
◧24h Volume
Bybit$1.66MHotcoin$1.12MLoading 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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.