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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+27.89%
7d Period Avg+129.94%
swing±185.06%
LONG Bybit · now
−28.18%
7d avg:−86.46%
SHORT Hotcoin · now
−0.29%
7d avg:+43.48%
Entry Spread Now
−0.082%
Eaten by executionL 0.0009709 · S 0.0009701−$8.24 if it converges
24h range −0.55%…+0.17% · median −0.04%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$226.03
+2.26%
$Avg Daily PnL
+$35.58
+0.3558%
★Best Day
+$101.72
Sep 21
◎Open Interest
Bybit$1.35M
Hotcoin$581.9K⚡Funding APR
+129.85%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
15.6h
to break even
◧24h Volume
Bybit$738.4KHotcoin$894.8KLoading 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.