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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 ~1.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+44.20%
7d Period Avg+41.63%
swing±30.28%
LONG Bybit · now
+10.96%
7d avg:+13.12%
SHORT Hotcoin · now
+55.15%
7d avg:+54.75%
Entry Spread Now
+0.188%
In your favorL 0.5847 · S 0.5858+$18.81 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
+$56.78
+0.57%
$Avg Daily PnL
+$11.40
+0.1140%
★Best Day
+$17.50
Sep 22
◎Open Interest
Bybit$7.41M
Hotcoin$689.8K⚡Funding APR
+41.60%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Bybit$3.11MHotcoin$2.25MLoading 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.