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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
−83.69%
7d Period Avg+25.38%
swing±85.01%
LONG Hotcoin · now
+94.65%
7d avg:+56.58%
SHORT Bybit · now
+10.96%
7d avg:+81.96%
Entry Spread Now
+0.010%
NeutralL 0.001011 · S 0.001011
24h range −0.64%…+0.53% · median −0.10%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$21.43
+0.21%
$Avg Daily PnL
+$6.35
+0.0635%
★Best Day
+$29.91
Sep 26
◎Open Interest
Hotcoin$509.2K
Bybit$1.49M⚡Funding APR
+23.17%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
3.6d
to break even
◧24h Volume
Hotcoin$471.8KBybit$975.5KLoading 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.