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updated 7:20:34 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−36.50%
3d Period Avg−184.82%
LONG Hotcoin · now
+47.46%
3d avg:+91.00%
SHORT Bybit · now
+10.96%
3d avg:−93.82%
Entry Spread Now
+0.290%
In your favorL 0.02068 · S 0.02074+$29.01 if it converges
24h range −0.33%…+0.62% · median +0.19%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$120.81
−1.21%
$Avg Daily PnL
−$24.45
−0.2445%
★Best Day
+$0.85
Aug 14
◎Open Interest
Hotcoin$209.4K
Bybit$2.31M⚡Funding APR
−89.26%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hotcoin—Bybit$2.21MLoading 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.