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updated —HOT 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
+0.00%
3d Period Avg−9.86%
swing±12.44%
LONG Bitget · now
+10.96%
3d avg:−9.01%
SHORT KuCoin · nowHOTUSDTM
+10.96%
3d avg:−18.87%
Entry Spread Now
+0.300%
In your favorL 0.0003671 · S 0.0003682+$29.96 if it converges
24h range −0.52%…+0.16% · median −0.10%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$32.10
−0.32%
$Avg Daily PnL
−$2.70
−0.0270%
★Best Day
−$1.70
Nov 12
◎Open Interest
Bitget$492.7K
KuCoin$488.0K⚡Funding APR
−9.86%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bitget$227.5KKuCoin$104.7KLoading 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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.