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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 ~4.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+19.56%
7d Period Avg−3.29%
swing±169.28%
LONG Hotcoin · now
+78.26%
7d avg:+99.39%
SHORT Bybit · now
+97.82%
7d avg:+96.10%
Entry Spread Now
+0.435%
In your favorL 0.02301 · S 0.02311+$43.46 if it converges
24h range +0.09%…+1.15% · median +0.35%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$45.74
−0.46%
$Avg Daily PnL
−$3.25
−0.0325%
★Best Day
+$18.24
Sep 24
◎Open Interest
Hotcoin$575.4K
Bybit$1.67M⚡Funding APR
−11.86%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hotcoin$500.4KBybit$529.1KLoading 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.