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updated —BTW 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
−58.29%
3d Period Avg+11.24%
swing±173.30%
LONG KuCoin · nowBTWUSDTM
−2584.66%
3d avg:−288.62%
SHORT BingX · now
−2642.95%
3d avg:−277.38%
Entry Spread Now
−0.690%
Against youL 0.7177 · S 0.7128−$68.95 if it converges
24h range −3.07%…+2.76% · median −0.56%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.050%
Sparse settlements: long 33%, short 50% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$60.76
−0.61%
$Avg Daily PnL
−$12.92
−0.1292%
★Best Day
+$8.43
Nov 13
◎Open Interest
KuCoin$3.56M
BingX$573.9K⚡Funding APR
−47.16%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
KuCoin$3.65MBingX$2.86MLoading 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.