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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+20.81%
swing±30.60%
LONG Bybit · now
+10.96%
3d avg:−10.01%
SHORT KuCoin · nowONTUSDTM
+10.96%
3d avg:+10.80%
Entry Spread Now
+0.294%
In your favorL 0.05787 · S 0.05804+$29.38 if it converges
24h range −0.53%…+0.37% · median +0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$5.91
−0.06%
$Avg Daily PnL
+$5.70
+0.0570%
★Best Day
+$8.80
Sep 30
◎Open Interest
⚡Funding APR
+20.79%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
4.0d
to break even
◧24h Volume
Loading 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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.