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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 ~1.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+67.92%
7d Period Avg+26.95%
swing±49.14%
LONG Bybit · now
−31.23%
7d avg:+5.20%
SHORT Hotcoin · now
+36.69%
7d avg:+32.15%
Entry Spread Now
+0.000%
NeutralL 17.4600 · S 17.4600
24h range −0.17%…+0.23% · median +0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$28.65
+0.29%
$Avg Daily PnL
+$7.38
+0.0738%
★Best Day
+$21.68
Sep 22
◎Open Interest
Bybit$3.37M
Hotcoin$6.99M⚡Funding APR
+26.93%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
3.1d
to break even
◧24h Volume
Bybit$829.4KHotcoin$1.14MLoading 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.