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updated —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
−1.56%
3d Period Avg+8.03%
swing±12.20%
LONG Hotcoin · now
−4.23%
3d avg:−0.09%
SHORT Bybit · now
−5.78%
3d avg:+7.94%
Entry Spread Now
+0.059%
Eaten by executionL 8.7080 · S 8.7131+$5.86 if it converges
24h range −0.54%…+0.37% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$17.05
−0.17%
$Avg Daily PnL
+$1.98
+0.0198%
★Best Day
+$4.60
Oct 16
◎Open Interest
Hotcoin$1.99M
Bybit$24.33M⚡Funding APR
+7.24%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
11.6d
to break even
◧24h Volume
Hotcoin$7.46MBybit$31.10MLoading 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.