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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%
7d Period Avg+65.77%
swing±67.56%
LONG Hotcoin · now
−12.05%
7d avg:−24.81%
SHORT Bybit · now
+10.96%
7d avg:+40.96%
Entry Spread Now
+0.060%
Eaten by executionL 0.2854 · S 0.2856+$5.96 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
+$103.58
+1.04%
$Avg Daily PnL
+$18.08
+0.1808%
★Best Day
+$41.10
Sep 22
◎Open Interest
Hotcoin$1.48M
Bybit$24.89M⚡Funding APR
+66.00%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
1.3d
to break even
◧24h Volume
Hotcoin$7.98MBybit$16.45MLoading 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.