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updated —SOXL Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−8.72%
3d Period Avg+4.18%
swing±7.85%
LONG Bybit · now
+0.00%
3d avg:+0.00%
SHORT Hotcoin · now
−8.72%
3d avg:+4.18%
Entry Spread Now
−0.036%
Against youL ask 56.0400 · S bid 56.0200−$3.57 at entry
24h range −1.16%…+0.74% · median +0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$25.13
−0.25%
$Avg Daily PnL
+$1.14
+0.0114%
★Best Day
+$2.89
Nov 12
◎Open Interest
Bybit$52.04M
Hotcoin$61.99M⚡Funding APR
+4.17%
annualized · funding only
⚠Execution Cost
−$28.56
entry + exit fees
⏱Payback
25.0d
to break even
◧24h Volume
Bybit$710.69MHotcoin$336.15MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$28.56 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.