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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 ~2.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+35.31%
3d Period Avg+2.10%
swing±9.50%
LONG Bybit · now
+21.16%
3d avg:+2.24%
SHORT Hotcoin · now
+56.47%
3d avg:+4.34%
Entry Spread Now
+0.019%
NeutralL 1,160.29 · S 1,160.51
24h range −0.40%…+0.44% · median +0.03%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$21.28
−0.21%
$Avg Daily PnL
+$0.57
+0.0057%
★Best Day
+$2.39
Oct 1
◎Open Interest
Bybit$1.42M
Hotcoin$439.9K⚡Funding APR
+2.09%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
1.3mo
to break even
◧24h Volume
Bybit$223.2KHotcoin$1.09MLoading 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.