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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
−0.58%
3d Period Avg−1.40%
swing±11.57%
LONG Hotcoin · now
+3.78%
3d avg:+5.32%
SHORT Bybit · now
+3.20%
3d avg:+3.92%
Entry Spread Now
+0.063%
Eaten by executionL 0.06337 · S 0.06341+$6.31 if it converges
24h range −0.41%…+0.55% · median −0.02%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$23.42
−0.23%
$Avg Daily PnL
−$0.14
−0.0014%
★Best Day
+$1.44
Oct 15
◎Open Interest
Hotcoin$1.08M
Bybit$11.82M⚡Funding APR
−0.52%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hotcoin$1.36MBybit$6.71MLoading 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.