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updated 10:04:19 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~92d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.95%
3d Period Avg−3.26%
LONG KuCoin · nowMTLUSDTM
+10.96%
3d avg:+10.96%
SHORT Toobit · nowMTL-SWAP-USDT
+11.91%
3d avg:+7.70%
Entry Spread Now
+0.000%
NeutralL 0.1838 · S 0.1838
24h range −0.22%…+0.49% · median +0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$26.68
−0.27%
$Avg Daily PnL
−$0.89
−0.0089%
★Best Day
+$0.06
Aug 15
◎Open Interest
KuCoin$62.4K
Toobit$48.4K⚡Funding APR
−3.26%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
KuCoin$531Toobit$336.3KLoading 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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.