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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 ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+35.67%
7d Period Avg+16.70%
swing±28.52%
LONG Hotcoin · now
+10.96%
7d avg:+19.73%
SHORT Bybit · now
+46.63%
7d avg:+36.43%
Entry Spread Now
+0.260%
Eaten by executionL 0.1538 · S 0.1542+$26.00 if it converges
24h range −1.27%…+0.66% · median −0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$74.61
−0.75%
$Avg Daily PnL
+$4.47
+0.0447%
★Best Day
+$13.75
Sep 23
◎Open Interest
Hotcoin$1.84M
Bybit$2.81M⚡Funding APR
+16.30%
annualized · funding only
⚠Execution Cost
−$105.87
entry + exit fees
⏱Payback
23.7d
to break even
◧24h Volume
Hotcoin$9.41MBybit$4.93MLoading 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 (−$105.87 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.