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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%
7d Period Avg+22.84%
swing±53.97%
LONG Bybit · now
+10.96%
7d avg:+42.98%
SHORT Hotcoin · now
+10.96%
7d avg:+65.82%
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
+$20.78
+0.21%
$Avg Daily PnL
+$6.25
+0.0625%
★Best Day
+$25.80
Nov 12
◎Open Interest
Bybit$4.00M
Hotcoin$985.9K⚡Funding APR
+22.83%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
3.7d
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.