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updated —GLW Funding Arbitrage Backtester
Size per leg$
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
−0.07%
7d Period Avg+8.81%
swing±26.78%
LONG Bybit · now
+0.00%
7d avg:+2.74%
SHORT Hotcoin · now
−0.07%
7d avg:+11.55%
Entry Spread Now
+0.152%
In your favorL 112.0700 · S 112.2400+$15.17 if it converges
24h range −0.95%…+0.84% · median +0.06%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$6.13
−0.06%
$Avg Daily PnL
+$2.41
+0.0241%
★Best Day
+$7.75
Nov 11
◎Open Interest
Bybit$512.8K
Hotcoin$1.55M⚡Funding APR
+8.80%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
9.5d
to break even
◧24h Volume
Bybit$199.4KHotcoin$747.7KLoading 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.