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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~15d
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+5.72%
3d Period Avgβ2.66%
swingΒ±11.59%
LONG Hotcoin Β· now
+5.24%
3d avg:+6.09%
SHORT Bybit Β· now
+10.96%
3d avg:+3.43%
Entry Spread Now
β0.026%
Eaten by executionL 0.3853 Β· S 0.3852β$2.60 if it converges
24h range β0.50%β¦+0.70% Β· median β0.03%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$24.50
β0.25%
$Avg Daily PnL
β$0.50
β0.0050%
β
Best Day
+$0.52
Oct 16
βOpen Interest
Hotcoin$1.08M
Bybit$13.21Mβ‘Funding APR
β1.83%
annualized Β· funding only
β Execution Cost
β$23.00
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hotcoin$1.24MBybit$3.27MLoading Cumulative PnLβ¦
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 (β$23.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.