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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 ~53d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.59%
3d Period Avg+6.61%
swing±9.53%
LONG Bybit · now
+10.96%
3d avg:+10.96%
SHORT Hotcoin · now
+17.54%
3d avg:+17.57%
Entry Spread Now
+0.157%
Eaten by executionL 0.03175 · S 0.03180+$15.75 if it converges
24h range −0.23%…+0.90% · median +0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$90.14
−0.90%
$Avg Daily PnL
+$1.81
+0.0181%
★Best Day
+$3.52
Sep 29
◎Open Interest
Bybit$4.73M
Hotcoin$325.2K⚡Funding APR
+6.61%
annualized · funding only
⚠Execution Cost
−$95.57
entry + exit fees
⏱Payback
1.8mo
to break even
◧24h Volume
Bybit$476.2KHotcoin$89.1KLoading 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 (−$95.57 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.