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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 ~2.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+37.08%
3d Period Avg+20.46%
swing±22.89%
LONG Bybit · now
+10.96%
3d avg:+21.51%
SHORT Hotcoin · now
+48.04%
3d avg:+41.97%
Entry Spread Now
−0.027%
Eaten by executionL 0.05581 · S 0.05580−$2.69 if it converges
24h range −0.47%…+0.34% · median −0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$6.19
−0.06%
$Avg Daily PnL
+$5.60
+0.0560%
★Best Day
+$8.21
Sep 30
◎Open Interest
Bybit$2.45M
Hotcoin$314.8K⚡Funding APR
+20.45%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
Bybit$775.5KHotcoin$182.8KLoading 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.