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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
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+0.00%
3d Period Avgβ1.23%
swingΒ±8.50%
LONG Hotcoin Β· now
+10.96%
3d avg:+8.76%
SHORT Bybit Β· now
+10.96%
3d avg:+7.53%
Entry Spread Now
β0.009%
NeutralL 1.1159 Β· S 1.1158
24h range β0.41%β¦+0.48% Β· median β0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$23.90
β0.24%
$Avg Daily PnL
β$0.30
β0.0030%
β
Best Day
+$0.99
Oct 21
βOpen Interest
Hotcoin$2.60M
Bybit$23.69Mβ‘Funding APR
β1.09%
annualized Β· funding only
β Execution Cost
β$23.00
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hotcoin$5.90MBybit$22.70MLoading Cumulative PnLβ¦
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 (β$23.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.