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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
−2.81%
3d Period Avg−8.40%
swing±4.22%
LONG Hotcoin · now
+2.81%
3d avg:+8.40%
SHORT Bybit · now
+0.00%
3d avg:+0.00%
Entry Spread Now
+0.000%
NeutralL ask 211.3900 · S bid 211.3900
24h range −0.22%…+0.23% · median −0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$33.34
−0.33%
$Avg Daily PnL
−$2.23
−0.0223%
★Best Day
−$1.53
Oct 23
◎Open Interest
Hotcoin$11.38M
Bybit$13.15M⚡Funding APR
−8.14%
annualized · funding only
⚠Execution Cost
−$26.65
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hotcoin$15.66MBybit$12.54MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$26.65 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.