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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 ~2.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+41.64%
3d Period Avg−23.32%
swing±27.66%
LONG Bybit · now
+45.05%
3d avg:+57.82%
SHORT Hotcoin · now
+86.69%
3d avg:+34.50%
Entry Spread Now
+0.000%
NeutralL 0.01950 · S 0.01950
24h range −0.77%…+0.58% · median −0.11%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$42.15
−0.42%
$Avg Daily PnL
−$6.38
−0.0638%
★Best Day
+$0.72
Sep 27
◎Open Interest
Bybit$3.70M
Hotcoin$433.7K⚡Funding APR
−23.30%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$2.14MHotcoin$513.1KLoading 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.