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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 ~6.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+13.15%
7d Period Avg+24.92%
swing±80.21%
LONG Bitget · now
−14.68%
7d avg:−48.78%
SHORT KuCoin · nowBIRBUSDTM
−1.53%
7d avg:−23.86%
Entry Spread Now
−0.014%
NeutralL 0.06946 · S 0.06945
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
+$24.26
+0.24%
$Avg Daily PnL
+$6.89
+0.0689%
★Best Day
+$24.51
Nov 10
◎Open Interest
Bitget$901.3K
KuCoin$1.16M⚡Funding APR
+25.16%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Bitget$1.00MKuCoin$138.4KLoading 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.