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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
−7.75%
3d Period Avg−5.20%
swing±11.50%
LONG Bybit · now
+18.71%
3d avg:+16.16%
SHORT Hotcoin · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.067%
Eaten by executionL 0.01800 · S 0.01799−$6.67 if it converges
24h range −0.40%…+0.44% · median −0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$27.27
−0.27%
$Avg Daily PnL
−$1.42
−0.0142%
★Best Day
+$0.00
Sep 28
◎Open Interest
Bybit$3.04M
Hotcoin$472.5K⚡Funding APR
−5.20%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$1.01MHotcoin$386.2KLoading 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.