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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 ~1.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+78.57%
30d Period Avg+6.73%
swing±20.89%
LONG Hotcoin · now
−67.61%
30d avg:+1.55%
SHORT Bybit · now
+10.96%
30d avg:+8.28%
Entry Spread Now
−0.054%
Eaten by executionL 0.007430 · S 0.007426−$5.38 if it converges
24h range +0.00%…+0.49% · median +0.14%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$40.49
+0.40%
$Avg Daily PnL
+$2.12
+0.0212%
★Best Day
+$13.95
Sep 29
◎Open Interest
Hotcoin$2.9K
Bybit$1.50M⚡Funding APR
+7.72%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
10.9d
to break even
◧24h Volume
Hotcoin$67.2KBybit$684.7KLoading 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.