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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
−11.58%
3d Period Avg+14.69%
swing±13.47%
LONG Bybit · now
+10.96%
3d avg:−4.50%
SHORT Hotcoin · now
−0.62%
3d avg:+10.19%
Entry Spread Now
−0.274%
Against youL 0.0009860 · S 0.0009833−$27.38 if it converges
24h range −0.55%…+0.17% · median −0.05%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$6.34
−0.06%
$Avg Daily PnL
+$5.55
+0.0555%
★Best Day
+$7.38
Sep 25
◎Open Interest
Bybit$1.38M
Hotcoin$589.9K⚡Funding APR
+20.27%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
Bybit$683.5KHotcoin$854.5KLoading 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.