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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 ~1.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+60.81%
3d Period Avg+36.18%
swing±27.74%
LONG Hotcoin · now
−49.86%
3d avg:−25.22%
SHORT Bybit · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.201%
In your favorL 0.007450 · S 0.007465+$20.13 if it converges
24h range +0.00%…+0.49% · median +0.15%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$12.17
+0.12%
$Avg Daily PnL
+$11.72
+0.1172%
★Best Day
+$13.95
Sep 29
◎Open Interest
Hotcoin$2.9K
Bybit$1.51M⚡Funding APR
+42.79%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Hotcoin$69.9KBybit$713.1KLoading 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.