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updated —BILL 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+19.78%
swing±29.59%
LONG OKX · nowBILL-USDT-SWAP
+10.96%
3d avg:+14.91%
SHORT KuCoin · nowBILLUSDTM
+10.96%
3d avg:+34.69%
Entry Spread Now
−0.068%
Eaten by executionL 0.004423 · S 0.004420−$6.78 if it converges
24h range −0.47%…+0.47% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$5.76
−0.06%
$Avg Daily PnL
+$5.41
+0.0541%
★Best Day
+$9.51
Nov 12
◎Open Interest
OKX$707.2K
KuCoin$516.8K⚡Funding APR
+19.76%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
OKX$3.42MKuCoin$1.98MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.