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updated —BTW Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+259.47%
3d Period Avg+36.47%
swing±100.42%
LONG KuCoin · nowBTWUSDTM
−2584.66%
3d avg:−276.60%
SHORT Gate.io · now
−2325.18%
3d avg:−240.13%
Entry Spread Now
−2.194%
Against youL 0.7177 · S 0.7020−$219.45 if it converges
24h range −7.76%…+3.96% · median −0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker-0.010%/taker0.075%
Sparse settlements: long 33%, short 39% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$28.55
−0.29%
$Avg Daily PnL
−$0.52
−0.0052%
★Best Day
+$9.15
Nov 11
◎Open Interest
KuCoin$3.56M
Gate.io$8.48M⚡Funding APR
−1.89%
annualized · funding only
⚠Execution Cost
−$27.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
KuCoin$3.65MGate.io$12.63MLoading 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 (−$27.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.