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updated 6:41:36 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+42.08%
1d Period Avg+7.03%
LONG KuCoin · nowPAXGUSDTM
−14.03%
1d avg:+2.83%
SHORT Hibachi · nowPAXG/USDT-P
+28.05%
1d avg:+9.86%
Entry Spread Now
+0.019%
In your favorL ask 4,395.85 · S bid 4,396.67+$1.87 at entry
24h range −0.23%…+0.07% · median −0.05%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
−$37.77
−0.38%
$Avg Daily PnL
+$1.20
+0.0120%
★Best Day
+$2.23
Aug 17
◎Open Interest
KuCoin$46.69M
Hibachi$156.4K⚡Funding APR
+4.38%
annualized · funding only
⚠Execution Cost
−$40.17
entry + exit fees
⏱Payback
1.1mo
to break even
◧24h Volume
KuCoin$5.00MHibachi$330.1KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$40.17 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.