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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
−64.21%
7d Period Avg+16.70%
swing±29.03%
LONG Bitget · now
+75.17%
7d avg:+14.80%
SHORT Hotcoin · now
+10.96%
7d avg:+31.50%
Entry Spread Now
−0.216%
Against youL 0.0008799 · S 0.0008780−$21.59 if it converges
24h range −0.57%…+0.29% · median −0.26%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$8.01
+0.08%
$Avg Daily PnL
+$4.57
+0.0457%
★Best Day
+$10.17
Sep 22
◎Open Interest
Bitget$1.25M
Hotcoin$581.8K⚡Funding APR
+16.69%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
5.3d
to break even
◧24h Volume
Bitget$130.0KHotcoin$152.9KLoading 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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.