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updated 11:57:44 AMFunding Arbitrage Backtester
Size$
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
−5.48%
3d Period Avg−5.77%
LONG Bybit · now
+10.96%
3d avg:+10.96%
SHORT Hotcoin · now
+5.48%
3d avg:+5.19%
Entry Spread Now
+0.000%
NeutralL 0.02999 · S 0.02999
24h range −0.76%…+0.32% · median −0.03%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$27.24
−0.27%
$Avg Daily PnL
−$1.06
−0.0106%
★Best Day
+$0.00
Aug 13
◎Open Interest
Bybit$2.06M
Hotcoin$187.0K⚡Funding APR
−3.87%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$333.8KHotcoin—Loading 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.