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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
−24.49%
7d Period Avg+43.86%
swing±96.58%
LONG Hotcoin · now
+4.76%
7d avg:−70.35%
SHORT Bitget · now
−19.72%
7d avg:−26.49%
Entry Spread Now
+0.000%
NeutralL 0.001874 · S 0.001874
24h range −12.24%…+6.44% · median −0.11%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$58.06
+0.58%
$Avg Daily PnL
+$11.72
+0.1172%
★Best Day
+$35.59
Nov 8
◎Open Interest
Hotcoin$544.4K
Bitget$723.5K⚡Funding APR
+42.79%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Hotcoin$10.02MBitget$18.81MLoading 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.