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updated 4:05:46 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+38.79%
3d Period Avg+14.03%
LONG KuCoin · nowBLENDUSDTM
−27.83%
3d avg:−3.07%
SHORT Bybit · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.032%
Eaten by executionL 0.06203 · S 0.06205+$3.22 if it converges
24h range −0.16%…+0.18% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$12.12
−0.12%
$Avg Daily PnL
+$2.72
+0.0272%
★Best Day
+$8.20
Aug 15
◎Open Interest
KuCoin$872.0K
Bybit$718.7K⚡Funding APR
+9.93%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
8.5d
to break even
◧24h Volume
KuCoin$629.2KBybit$268.1KLoading 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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.