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updated 3:57:45 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~59d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.42%
3d Period Avg+4.68%
LONG KuCoin · nowICPUSDTM
+9.53%
3d avg:+6.28%
SHORT Bybit · nowICPPERP
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.044%
Eaten by executionL 2.2660 · S 2.2670+$4.41 if it converges
24h range −0.31%…+0.22% · median −0.04%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$17.64
−0.18%
$Avg Daily PnL
+$1.34
+0.0134%
★Best Day
+$2.96
Aug 17
◎Open Interest
KuCoin$6.25M
Bybit$122.8K⚡Funding APR
+4.89%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
17.2d
to break even
◧24h Volume
KuCoin$851.2KBybit$3.1KLoading 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.