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updated —NIGHT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+98.18%
3d Period Avg+15.90%
swing±35.83%
LONG KuCoin · nowNIGHTUSDTM
−96.86%
3d avg:−8.12%
SHORT MEXC · now
+1.31%
3d avg:+7.78%
Entry Spread Now
+0.245%
In your favorL 0.04675 · S 0.04686+$24.52 if it converges
24h range −0.60%…+1.11% · median −0.06%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
−$2.94
−0.03%
$Avg Daily PnL
+$4.35
+0.0435%
★Best Day
+$6.38
Nov 14
◎Open Interest
KuCoin$3.71M
MEXC$1.33M⚡Funding APR
+15.89%
annualized · funding only
⚠Execution Cost
−$16.00
entry + exit fees
⏱Payback
3.7d
to break even
◧24h Volume
KuCoin$2.41MMEXC$1.42MLoading 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 (−$16.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.