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updated —SOON 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+55.03%
swing±40.84%
LONG Bybit · now
+10.96%
3d avg:+16.20%
SHORT Hotcoin · now
+10.96%
3d avg:+71.23%
Entry Spread Now
−0.043%
Eaten by executionL 0.2327 · S 0.2326−$4.30 if it converges
24h range −1.94%…+0.52% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$22.20
+0.22%
$Avg Daily PnL
+$15.07
+0.1507%
★Best Day
+$25.80
Nov 12
◎Open Interest
Bybit$4.00M
Hotcoin$985.9K⚡Funding APR
+54.99%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
1.5d
to break even
◧24h Volume
Bybit$660.3KHotcoin$243.2KLoading 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.