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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
−3.29%
3d Period Avg−3.95%
swing±2.76%
LONG Hotcoin · now
+14.24%
3d avg:+14.24%
SHORT Bybit · now
+10.96%
3d avg:+10.29%
Entry Spread Now
+0.035%
Eaten by executionL 0.2883 · S 0.2884+$3.47 if it converges
24h range −0.97%…+0.56% · median −0.06%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$26.22
−0.26%
$Avg Daily PnL
−$1.07
−0.0107%
★Best Day
−$0.90
Oct 15
◎Open Interest
Hotcoin$0
Bybit$11.35M⚡Funding APR
−3.92%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hotcoin$2.31MBybit$10.95MLoading 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.