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updated —Funding Arbitrage Backtester
Size per leg$
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
−9.50%
3d Period Avg+16.07%
swing±21.88%
LONG Bybit · now
+20.46%
3d avg:+12.63%
SHORT Hotcoin · now
+10.96%
3d avg:+28.70%
Entry Spread Now
+0.445%
In your favorL 0.0008532 · S 0.0008570+$44.54 if it converges
24h range −0.98%…+0.98% · median +0.23%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$9.80
−0.10%
$Avg Daily PnL
+$4.40
+0.0440%
★Best Day
+$7.25
Sep 30
◎Open Interest
Bybit$2.47M
Hotcoin$567.9K⚡Funding APR
+16.05%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
5.2d
to break even
◧24h Volume
Bybit$483.4KHotcoin$164.3KLoading 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.