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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 ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+145.79%
1d Period Avg+114.78%
swing±102.67%
LONG Bybit · now
−86.20%
1d avg:−50.48%
SHORT Hotcoin · now
+59.59%
1d avg:+64.30%
Entry Spread Now
−0.012%
NeutralL 0.3340 · S 0.3340
24h range −0.13%…+0.13% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$8.42
+0.08%
$Avg Daily PnL
+$31.42
+0.3142%
★Best Day
+$23.25
Oct 1
◎Open Interest
Bybit$57.37M
Hotcoin$6.65M⚡Funding APR
+114.70%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
17.5h
to break even
◧24h Volume
Bybit$12.37MHotcoin$17.68MLoading 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.