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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%
7d Period Avg+40.87%
swing±88.00%
LONG Bybit · now
+10.96%
7d avg:−45.13%
SHORT KuCoin · nowAXISUSDTM
+10.96%
7d avg:−4.26%
Entry Spread Now
+0.310%
In your favorL 0.09030 · S 0.09058+$31.01 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
+$51.60
+0.52%
$Avg Daily PnL
+$10.66
+0.1066%
★Best Day
+$39.32
Nov 9
◎Open Interest
Bybit$1.02M
KuCoin$539.4K⚡Funding APR
+38.90%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
Bybit$1.86MKuCoin$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.