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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
−106.07%
7d Period Avg+27.46%
swing±74.63%
LONG Bitget · now
+117.03%
7d avg:+41.80%
SHORT KuCoin · nowBTWUSDTM
+10.96%
7d avg:+69.26%
Entry Spread Now
−0.322%
Eaten by executionL 1.2167 · S 1.2127−$32.20 if it converges
24h range −1.08%…−0.10% · median −0.46%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$10.23
−0.10%
$Avg Daily PnL
+$8.04
+0.0804%
★Best Day
+$40.94
Sep 25
◎Open Interest
⚡Funding APR
+29.35%
annualized · funding only
⚠Execution Cost
−$66.52
entry + exit fees
⏱Payback
8.3d
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 (−$66.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.