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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 ~0.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+310.10%
7d Period Avg+17.23%
swing±82.12%
LONG KuCoin · nowBTWUSDTM
−3215.37%
7d avg:−104.37%
SHORT Gate.io · now
−2905.27%
7d avg:−87.14%
Entry Spread Now
−3.941%
Against youL 0.6891 · S 0.6620−$394.07 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%
Loading Funding History…
↗Total PnL
−$15.82
−0.16%
$Avg Daily PnL
+$1.60
+0.0160%
★Best Day
+$12.23
Nov 9
◎Open Interest
KuCoin$3.45M
Gate.io$7.98M⚡Funding APR
+5.83%
annualized · funding only
⚠Execution Cost
−$27.00
entry + exit fees
⏱Payback
16.9d
to break even
◧24h Volume
KuCoin$3.62MGate.io$12.70MLoading 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.