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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β4.85%
3d Period Avgβ8.40%
swingΒ±4.22%
LONG Hotcoin Β· now
+8.34%
3d avg:+8.40%
SHORT Bybit Β· now
+3.49%
3d avg:+0.00%
Entry Spread Now
+0.000%
NeutralL ask 211.7600 Β· S bid 211.7600
24h range β0.22%β¦+0.23% Β· median β0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$33.71
β0.34%
$Avg Daily PnL
β$2.23
β0.0223%
β
Best Day
β$1.53
Oct 23
βOpen Interest
Hotcoin$11.40M
Bybit$13.23Mβ‘Funding APR
β8.14%
annualized Β· funding only
β Execution Cost
β$27.02
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hotcoin$15.22MBybit$12.13MLoading Cumulative PnLβ¦
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 (β$27.02 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.