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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 ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+219.45%
30d Period Avg−1.36%
swing±37.72%
LONG Bybit · now
−444.00%
30d avg:+0.59%
SHORT Hotcoin · now
−224.54%
30d avg:−0.77%
Entry Spread Now
−0.010%
NeutralL 0.01020 · S 0.01020
24h range −0.55%…+0.84% · median −0.10%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$34.16
−0.34%
$Avg Daily PnL
−$0.37
−0.0037%
★Best Day
+$11.00
Sep 14
◎Open Interest
⚡Funding APR
−1.36%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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.