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updated 10:34:46 AMFunding Arbitrage Backtester
Size$
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
+108.71%
30d Period Avg+10.97%
LONG KuCoin · nowKERNELUSDTM
−97.74%
30d avg:−5.16%
SHORT Toobit · nowKERNEL-SWAP-USDT
+10.97%
30d avg:+5.81%
Entry Spread Now
−0.209%
Against youL 0.03349 · S 0.03342−$20.90 if it converges
24h range −0.48%…+0.39% · median −0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$4.15
−0.04%
$Avg Daily PnL
+$0.64
+0.0064%
★Best Day
+$13.65
Aug 16
◎Open Interest
KuCoin$359.7K
Toobit$35.2K⚡Funding APR
+2.34%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
1.2mo
to break even
◧24h Volume
KuCoin$52.4KToobit$719.9KLoading 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.