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updated 2:12:05 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+15.34%
30d Period Avg+2.41%
LONG KuCoin · nowICPUSDTM
−4.38%
30d avg:+7.53%
SHORT Bybit · nowICPPERP
+10.96%
30d avg:+9.94%
Entry Spread Now
+0.000%
NeutralL 2.2630 · S 2.2630
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
−$5.34
−0.05%
$Avg Daily PnL
+$0.57
+0.0057%
★Best Day
+$3.07
Jul 21
◎Open Interest
KuCoin$6.28M
Bybit$121.8K⚡Funding APR
+2.08%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
1.3mo
to break even
◧24h Volume
KuCoin$877.4KBybit$3.3KLoading 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.