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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 ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+110.20%
7d Period Avg+72.67%
swing±178.53%
LONG Hotcoin · now
−99.24%
7d avg:−195.10%
SHORT Bybit · now
+10.96%
7d avg:−122.43%
Entry Spread Now
−0.052%
Eaten by executionL 0.05754 · S 0.05751−$5.21 if it converges
24h range −0.52%…+0.40% · median +0.10%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Sparse settlements: long 86%, short 46% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
+$58.20
+0.58%
$Avg Daily PnL
+$11.60
+0.1160%
★Best Day
+$37.98
Oct 19
◎Open Interest
Hotcoin$1.01M
Bybit$9.48M⚡Funding APR
+42.34%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Hotcoin$3.46MBybit$17.20MLoading 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.