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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−23.67%
3d Period Avg+45.11%
swing±31.28%
LONG Bybit · now
+89.69%
3d avg:+14.42%
SHORT Hotcoin · now
+66.02%
3d avg:+59.53%
Entry Spread Now
−0.051%
Eaten by executionL 0.5865 · S 0.5862−$5.12 if it converges
24h range −0.59%…+0.41% · median +0.08%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$14.05
+0.14%
$Avg Daily PnL
+$12.35
+0.1235%
★Best Day
+$17.00
Sep 26
◎Open Interest
Bybit$7.36M
Hotcoin$690.3K⚡Funding APR
+45.08%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
1.9d
to break even
◧24h Volume
Bybit$3.04MHotcoin$2.20MLoading 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.