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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 ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+114.18%
3d Period Avg+23.77%
swing±40.81%
LONG KuCoin · nowHPEUSDTM
−103.22%
3d avg:−12.81%
SHORT Hotcoin · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.112%
Eaten by executionL 62.6000 · S 62.6700+$11.18 if it converges
24h range −0.43%…+0.38% · median −0.06%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$4.48
−0.04%
$Avg Daily PnL
+$6.51
+0.0651%
★Best Day
+$11.08
Sep 28
◎Open Interest
⚡Funding APR
+23.75%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
3.7d
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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.