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updated —SOPH 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
−37.65%
3d Period Avg−4.02%
swing±65.24%
LONG Hotcoin · now
−0.04%
3d avg:−15.55%
SHORT Bitget · now
−37.69%
3d avg:−19.57%
Entry Spread Now
+0.229%
In your favorL 0.001750 · S 0.001754+$22.86 if it converges
24h range −12.24%…+6.44% · median −0.09%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$27.84
−0.28%
$Avg Daily PnL
−$1.28
−0.0128%
★Best Day
+$0.84
Nov 12
◎Open Interest
Hotcoin$485.5K
Bitget$652.3K⚡Funding APR
−4.67%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hotcoin$10.19MBitget$19.03MLoading 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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.