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updated 8:04:00 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−39.89%
3d Period Avg−49.91%
LONG KuCoin · nowMUSDTM
+71.22%
3d avg:+70.47%
SHORT LBank · now
+31.34%
3d avg:+20.56%
Entry Spread Now
+0.163%
In your favorL 1.1657 · S 1.1676+$16.30 if it converges
24h range +0.04%…+0.53% · median +0.24%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$58.53
−0.59%
$Avg Daily PnL
−$8.63
−0.0863%
★Best Day
+$0.67
Aug 14
◎Open Interest
KuCoin$2.17M
LBank—⚡Funding APR
−31.51%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
KuCoin$1.14MLBank$997.7KLoading 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.