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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+56.30%
7d Period Avg+16.42%
swing±68.51%
LONG KuCoin · nowFOLKSUSDTM
+65.31%
7d avg:+54.24%
SHORT Bybit · now
+121.60%
7d avg:+70.66%
Entry Spread Now
−0.024%
Eaten by executionL 2.5000 · S 2.4994−$2.40 if it converges
24h range −0.69%…+1.75% · median −0.04%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$8.46
+0.08%
$Avg Daily PnL
+$4.49
+0.0449%
★Best Day
+$15.20
Sep 22
◎Open Interest
KuCoin$1.58M
Bybit$1.34M⚡Funding APR
+16.41%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
5.1d
to break even
◧24h Volume
KuCoin$7.32MBybit$537.0KLoading 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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.