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updated 2:39:24 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~16d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.61%
30d Period Avg−5.16%
LONG Hotcoin · now
+5.48%
30d avg:−38.68%
SHORT Toobit · nowERA-SWAP-USDT
+11.09%
30d avg:−43.84%
Entry Spread Now
−0.016%
NeutralL 0.06063 · S 0.06062
24h range −0.22%…+0.40% · median −0.03%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Limited funding history — chart clipped to available data
- Hotcoin (Long): data starts Aug 4, 2026 (12d available out of 30d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 42%, short 96% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$698.71
−6.99%
$Avg Daily PnL
−$21.76
−0.2176%
★Best Day
+$55.64
Aug 7
◎Open Interest
Hotcoin$212.0K
Toobit$36.0K⚡Funding APR
−79.44%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hotcoin—Toobit$3.23MLoading 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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.