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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 ~2.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+34.66%
30d Period Avg+37.73%
swing±57.13%
LONG Bybit · now
−23.70%
30d avg:−34.02%
SHORT Hotcoin · now
+10.96%
30d avg:+3.71%
Entry Spread Now
+0.367%
In your favorL 199.1200 · S 199.8500+$36.66 if it converges
24h range −0.16%…+0.97% · median +0.23%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Limited funding history — chart clipped to available data
- Bybit (Long): live data only — historical backfill pending (depth grows organically as we ingest)
- Hotcoin (Short): live data only — historical backfill pending (depth grows organically as we ingest)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 9%, short 9% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
+$4.55
+0.05%
$Avg Daily PnL
+$6.89
+0.0689%
★Best Day
+$15.33
Sep 29
◎Open Interest
Bybit$514.5K
Hotcoin$42.8K⚡Funding APR
+25.14%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
3.3d
to break even
◧24h Volume
Bybit$1.07MHotcoin$153.3KLoading 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.