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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg−54.93%
swing±128.08%
LONG Hotcoin · now
+10.96%
3d avg:+101.96%
SHORT Bybit · now
+10.96%
3d avg:+47.03%
Entry Spread Now
+0.052%
Eaten by executionL 0.07708 · S 0.07712+$5.19 if it converges
24h range −0.42%…+0.35% · median +0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$55.97
−0.56%
$Avg Daily PnL
−$10.99
−0.1099%
★Best Day
+$0.00
Sep 28
◎Open Interest
⚡Funding APR
−40.12%
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.