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updated 9:31:51 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+13.81%
1d Period Avg−29.08%
LONG KuCoin · nowPAXGUSDTM
−2.85%
1d avg:−1.02%
SHORT Bybit · nowPAXGPERP
+10.96%
1d avg:−30.10%
Entry Spread Now
−0.025%
Eaten by executionL 4,409.52 · S 4,408.4−$2.54 if it converges
24h range −0.27%…+0.06% · median −0.11%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$35.79
−0.36%
$Avg Daily PnL
−$7.96
−0.0796%
★Best Day
−$7.96
Aug 17
◎Open Interest
KuCoin$45.23M
Bybit$703.4K⚡Funding APR
−29.05%
annualized · funding only
⚠Execution Cost
−$27.83
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
KuCoin$5.16MBybit$95.2KLoading 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 (−$27.83 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.