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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 ~9.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.82%
3d Period Avg−9.38%
swing±17.08%
LONG Bybit · now
+113.81%
3d avg:+58.42%
SHORT Hotcoin · now
+122.63%
3d avg:+49.04%
Entry Spread Now
+0.452%
In your favorL 0.08843 · S 0.08883+$45.23 if it converges
24h range −0.58%…+0.63% · median −0.07%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$30.70
−0.31%
$Avg Daily PnL
−$2.57
−0.0257%
★Best Day
+$0.30
Sep 28
◎Open Interest
⚡Funding APR
−9.37%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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.