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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 ~3.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+21.92%
30d Period Avg+37.82%
swing±56.43%
LONG Bybit · now
+0.00%
30d avg:+0.00%
SHORT Hotcoin · now
+21.92%
30d avg:+37.82%
Entry Spread Now
+0.110%
Eaten by executionL 9.1200 · S 9.1300+$10.96 if it converges
24h range −0.22%…+0.44% · median +0.00%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$241.03
+2.41%
$Avg Daily PnL
+$8.80
+0.0880%
★Best Day
+$23.32
Sep 29
◎Open Interest
Bybit$45.3K
Hotcoin$48.7K⚡Funding APR
+32.12%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Bybit$3.2KHotcoin$14.9KLoading 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.