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updated —AXIS 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
+0.00%
3d Period Avg+11.57%
swing±34.90%
LONG Bybit · now
+10.96%
3d avg:+8.90%
SHORT KuCoin · nowAXISUSDTM
+10.96%
3d avg:+20.47%
Entry Spread Now
−0.122%
Against youL 0.09040 · S 0.09029−$12.17 if it converges
24h range −0.48%…+0.72% · median +0.20%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$13.50
−0.13%
$Avg Daily PnL
+$3.17
+0.0317%
★Best Day
+$8.04
Nov 13
◎Open Interest
Bybit$1.02M
KuCoin$538.0K⚡Funding APR
+11.56%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
7.3d
to break even
◧24h Volume
Bybit$1.89MKuCoin$2.16MLoading 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.