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updated 1:00:24 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+569.37%
3d Period Avg+19.60%
swing±86.64%
LONG KuCoin · nowAXLUSDTM
−622.17%
3d avg:−25.03%
SHORT Bybit · now
−52.79%
3d avg:−5.43%
Entry Spread Now
−0.397%
Against youL 0.04539 · S 0.04521−$39.66 if it converges
24h range −2.49%…+1.09% · median −0.04%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$7.56
−0.08%
$Avg Daily PnL
+$3.86
+0.0386%
★Best Day
+$13.74
Sep 14
◎Open Interest
KuCoin$618.7K
Bybit$2.04M⚡Funding APR
+14.09%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
6.0d
to break even
◧24h Volume
KuCoin$256.8KBybit$5.99MLoading 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.