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updated —SIREN 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
+0.00%
3d Period Avg+19.61%
swing±51.27%
LONG Hotcoin · now
+10.96%
3d avg:+72.36%
SHORT Bybit · now
+10.96%
3d avg:+91.97%
Entry Spread Now
+0.038%
Eaten by executionL 0.02651 · S 0.02652+$3.77 if it converges
24h range −0.68%…+1.29% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$6.25
−0.06%
$Avg Daily PnL
+$5.58
+0.0558%
★Best Day
+$8.78
Nov 11
◎Open Interest
Hotcoin$786.2K
Bybit$1.58M⚡Funding APR
+20.38%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
Hotcoin$379.8KBybit$682.7KLoading 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.