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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%
7d Period Avg+25.90%
swing±82.37%
LONG Bitget · now
+10.96%
7d avg:−115.39%
SHORT KuCoin · nowHOTUSDTM
+10.96%
7d avg:−89.49%
Entry Spread Now
−0.027%
Eaten by executionL 0.0003690 · S 0.0003689−$2.71 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
+$10.91
+0.11%
$Avg Daily PnL
+$4.99
+0.0499%
★Best Day
+$25.22
Nov 7
◎Open Interest
Bitget$497.6K
KuCoin$490.3K⚡Funding APR
+18.20%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
4.8d
to break even
◧24h Volume
Bitget$226.7KKuCoin$103.2KLoading 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.