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updated —BIRB Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~12d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.45%
3d Period Avg+1.09%
swing±112.56%
LONG Bitget · now
−9.64%
3d avg:−66.26%
SHORT KuCoin · nowBIRBUSDTM
−2.19%
3d avg:−65.17%
Entry Spread Now
+0.144%
In your favorL 0.06921 · S 0.06931+$14.45 if it converges
24h range −0.90%…+0.44% · median −0.04%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$22.61
−0.23%
$Avg Daily PnL
+$0.46
+0.0046%
★Best Day
+$12.81
Nov 12
◎Open Interest
Bitget$895.4K
KuCoin$1.16M⚡Funding APR
+1.69%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
1.7mo
to break even
◧24h Volume
Bitget$948.9KKuCoin$140.1KLoading 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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.