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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%
7d Period Avg+2.57%
swing±111.39%
LONG Hotcoin · now
+10.96%
7d avg:+61.05%
SHORT Bybit · now
+10.96%
7d avg:+63.62%
Entry Spread Now
+0.051%
Eaten by executionL 0.07772 · S 0.07776+$5.15 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
−$18.32
−0.18%
$Avg Daily PnL
+$0.67
+0.0067%
★Best Day
+$14.04
Sep 23
◎Open Interest
Hotcoin$524.6K
Bybit$3.51M⚡Funding APR
+2.44%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
1.1mo
to break even
◧24h Volume
Hotcoin$397.5KBybit$722.7KLoading 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.