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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−62.90%
30d Period Avg−1.79%
swing±21.80%
LONG Bybit · now
+10.96%
30d avg:+8.36%
SHORT Hotcoin · now
−51.95%
30d avg:+6.57%
Entry Spread Now
+0.059%
Eaten by executionL 0.0005061 · S 0.0005064+$5.93 if it converges
24h range −0.97%…+0.48% · median −0.20%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$27.49
−0.27%
$Avg Daily PnL
+$0.87
+0.0087%
★Best Day
+$23.97
Sep 30
◎Open Interest
Bybit$2.04M
Hotcoin$200.8K⚡Funding APR
+3.18%
annualized · funding only
⚠Execution Cost
−$53.62
entry + exit fees
⏱Payback
2.1mo
to break even
◧24h Volume
Bybit$8.90MHotcoin$2.90MLoading 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 (−$53.62 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.