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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~13d
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+6.38%
3d Period Avgβ1.40%
swingΒ±11.57%
LONG Hotcoin Β· now
β4.47%
3d avg:+5.32%
SHORT Bybit Β· now
+1.91%
3d avg:+3.92%
Entry Spread Now
β0.016%
NeutralL 0.06184 Β· S 0.06183
24h range β0.41%β¦+0.55% Β· median β0.02%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$23.42
β0.23%
$Avg Daily PnL
β$0.14
β0.0014%
β
Best Day
+$1.44
Oct 15
βOpen Interest
Hotcoin$1.05M
Bybit$11.45Mβ‘Funding APR
β0.52%
annualized Β· funding only
β Execution Cost
β$23.00
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hotcoin$1.40MBybit$7.28MLoading Cumulative PnLβ¦
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 (β$23.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.