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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~77d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+1.34%
3d Period Avgβ4.06%
swingΒ±21.15%
LONG Hotcoin Β· now
β22.38%
3d avg:+17.07%
SHORT Bybit Β· now
β21.04%
3d avg:+13.01%
Entry Spread Now
+0.000%
NeutralL ask 348.7200 Β· S bid 348.7200
24h range β0.14%β¦+0.31% Β· median +0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$31.36
β0.31%
$Avg Daily PnL
β$1.07
β0.0107%
β
Best Day
+$1.62
Oct 16
βOpen Interest
Hotcoin$12.79M
Bybit$12.45Mβ‘Funding APR
β3.92%
annualized Β· funding only
β Execution Cost
β$28.14
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hotcoin$2.99MBybit$5.26MLoading Cumulative PnLβ¦
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 (β$28.14 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.