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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 ~0.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+285.33%
7d Period Avg+44.60%
swing±73.53%
LONG BingX · now
−274.38%
7d avg:−42.29%
SHORT KuCoin · nowNESUSDTM
+10.96%
7d avg:+2.31%
Entry Spread Now
+0.059%
Eaten by executionL 0.1351 · S 0.1352+$5.92 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
+$63.48
+0.63%
$Avg Daily PnL
+$12.21
+0.1221%
★Best Day
+$25.12
Nov 10
◎Open Interest
BingX$718.2K
KuCoin$847.5K⚡Funding APR
+44.57%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
BingX$377.1KKuCoin$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.