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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 ~0.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+266.29%
3d Period Avg+38.32%
swing±29.66%
LONG Bybit · now
−125.38%
3d avg:−15.13%
SHORT Hotcoin · now
+140.91%
3d avg:+23.19%
Entry Spread Now
−0.039%
Eaten by executionL 0.3326 · S 0.3325−$3.91 if it converges
24h range −0.08%…+0.13% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$8.47
+0.08%
$Avg Daily PnL
+$10.49
+0.1049%
★Best Day
+$15.34
Sep 29
◎Open Interest
Bybit$57.43M
Hotcoin$6.62M⚡Funding APR
+38.29%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
Bybit$11.50MHotcoin$18.22MLoading 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.