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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−116.53%
7d Period Avg+100.06%
swing±219.74%
LONG KuCoin · nowCOTIUSDTM
−26.08%
7d avg:−95.54%
SHORT Hotcoin · now
−142.61%
7d avg:+4.52%
Entry Spread Now
−0.281%
Against youL 0.01493 · S 0.01489−$28.13 if it converges
24h range −0.56%…+0.47% · median −0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$135.08
+1.35%
$Avg Daily PnL
+$22.73
+0.2273%
★Best Day
+$70.88
Sep 24
◎Open Interest
KuCoin$2.92M
Hotcoin$537.0K⚡Funding APR
+82.95%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
KuCoin$1.19MHotcoin$2.38MLoading 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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.