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updated 11:58:03 AMFunding 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
−5.48%
3d Period Avg−5.48%
LONG Bybit · now
+10.96%
3d avg:+10.96%
SHORT Hotcoin · now
+5.48%
3d avg:+5.48%
Entry Spread Now
−0.101%
Eaten by executionL 0.01988 · S 0.01986−$10.06 if it converges
24h range −0.59%…+0.41% · median −0.10%
Long pays every4hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$27.00
−0.27%
$Avg Daily PnL
−$1.00
−0.0100%
★Best Day
−$0.50
Aug 13
◎Open Interest
Bybit$548.3K
Hotcoin$117.9K⚡Funding APR
−3.65%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$408.5KHotcoin—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.