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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 ~3.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+23.01%
3d Period Avg+23.01%
LONG Hotcoin · now
−12.05%
3d avg:−12.05%
SHORT Bybit · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.099%
Eaten by executionL 0.2817 · S 0.2820+$9.94 if it converges
24h range −0.91%…+0.58% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$4.10
−0.04%
$Avg Daily PnL
+$6.30
+0.0630%
★Best Day
+$6.30
Sep 26
◎Open Interest
⚡Funding APR
+23.00%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
3.6d
to break even
◧24h Volume
Loading 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.