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updated —NES Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+221.78%
3d Period Avg+51.11%
swing±64.00%
LONG BingX · now
−210.82%
3d avg:−47.34%
SHORT KuCoin · nowNESUSDTM
+10.96%
3d avg:+3.77%
Entry Spread Now
−0.096%
Eaten by executionL 0.1354 · S 0.1353−$9.60 if it converges
24h range −0.23%…+0.26% · median +0.10%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$19.98
+0.20%
$Avg Daily PnL
+$13.99
+0.1399%
★Best Day
+$22.12
Nov 12
◎Open Interest
BingX$718.2K
KuCoin$847.9K⚡Funding APR
+51.08%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
1.6d
to break even
◧24h Volume
BingX$376.7KKuCoin$1.88MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.