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updated —NIL Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+21.26%
7d Period Avg+26.46%
swing±16.95%
LONG KuCoin · nowNILUSDTM
−10.30%
7d avg:−21.70%
SHORT MEXC · now
+10.96%
7d avg:+4.76%
Entry Spread Now
+0.038%
Eaten by executionL 0.05240 · S 0.05242+$3.82 if it converges
24h range −0.51%…+0.74% · median +0.07%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
+$34.70
+0.35%
$Avg Daily PnL
+$7.24
+0.0724%
★Best Day
+$14.59
Nov 8
◎Open Interest
KuCoin$522.6K
MEXC$4.63M⚡Funding APR
+26.44%
annualized · funding only
⚠Execution Cost
−$16.00
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
KuCoin$61.3KMEXC$640.4KLoading 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.