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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−95.99%
3d Period Avg+42.32%
swing±105.45%
LONG Bitget · now
+106.95%
3d avg:+29.75%
SHORT KuCoin · nowBTWUSDTM
+10.96%
3d avg:+72.07%
Entry Spread Now
−0.455%
Against youL 1.2228 · S 1.2173−$45.54 if it converges
24h range −1.08%…−0.10% · median −0.45%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$28.75
−0.29%
$Avg Daily PnL
+$12.13
+0.1213%
★Best Day
+$34.07
Sep 25
◎Open Interest
⚡Funding APR
+44.26%
annualized · funding only
⚠Execution Cost
−$65.13
entry + exit fees
⏱Payback
5.4d
to break even
◧24h Volume
Loading 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 (−$65.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.