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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 ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+205.80%
7d Period Avg+58.38%
swing±38.35%
LONG Bybit · now
−119.11%
7d avg:−24.62%
SHORT Hotcoin · now
+86.69%
7d avg:+33.76%
Entry Spread Now
+0.039%
Eaten by executionL 0.3317 · S 0.3318+$3.92 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
+$88.88
+0.89%
$Avg Daily PnL
+$15.98
+0.1598%
★Best Day
+$31.26
Sep 27
◎Open Interest
Bybit$56.60M
Hotcoin$6.61M⚡Funding APR
+58.34%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
1.4d
to break even
◧24h Volume
Bybit$11.03MHotcoin$17.88MLoading 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.