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updated 2:08:42 PMFunding Arbitrage Backtester
Size$
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
−0.99%
3d Period Avg−1.29%
LONG Toobit · nowENA-SWAP-USDT
+11.95%
3d avg:+3.91%
SHORT KuCoin · nowENAUSDTM
+10.96%
3d avg:+2.62%
Entry Spread Now
+0.024%
Eaten by executionL 0.08477 · S 0.08479+$2.36 if it converges
24h range −0.39%…+0.39% · median +0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$25.06
−0.25%
$Avg Daily PnL
−$0.27
−0.0027%
★Best Day
+$2.66
Aug 17
◎Open Interest
Toobit$180.1K
KuCoin$13.24M⚡Funding APR
−0.97%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Toobit$9.69MKuCoin$6.94MLoading 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.