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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
β27.91%
3d Period Avgβ12.49%
swingΒ±25.21%
LONG Hotcoin Β· now
+33.38%
3d avg:+19.73%
SHORT Bybit Β· now
+5.47%
3d avg:+7.24%
Entry Spread Now
β0.043%
Against youL ask 46.5200 Β· S bid 46.5000β$4.30 at entry
24h range β0.15%β¦+0.17% Β· median β0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$41.63
β0.42%
$Avg Daily PnL
β$2.73
β0.0273%
β
Best Day
β$0.99
Oct 16
βOpen Interest
Hotcoin$9.09M
Bybit$8.71Mβ‘Funding APR
β9.95%
annualized Β· funding only
β Execution Cost
β$33.45
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hotcoin$1.91MBybit$2.21MLoading 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$33.45 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.