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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 ~0.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+115.32%
7d Period Avg+60.08%
swing±120.87%
LONG Hotcoin · now
−104.37%
7d avg:+43.71%
SHORT Bybit · now
+10.96%
7d avg:+103.79%
Entry Spread Now
−1.154%
Against youL 0.3380 · S 0.3341−$115.38 if it converges
24h range −2.21%…+1.58% · median −0.21%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$73.27
+0.73%
$Avg Daily PnL
+$13.75
+0.1375%
★Best Day
+$42.27
Sep 22
◎Open Interest
Hotcoin$1.34M
Bybit$7.76M⚡Funding APR
+50.20%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
1.7d
to break even
◧24h Volume
Hotcoin$21.26MBybit$62.38MLoading 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.