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updated 10:36:19 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg−11.59%
LONG KuCoin · nowPAXGUSDTM
+10.96%
3d avg:+4.30%
SHORT Bybit · nowPAXGPERP
+10.96%
3d avg:−7.29%
Entry Spread Now
−0.039%
Eaten by executionL 4,406.7 · S 4,405−$3.86 if it converges
24h range −0.27%…+0.06% · median −0.09%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$35.44
−0.35%
$Avg Daily PnL
−$3.17
−0.0317%
★Best Day
+$1.27
Aug 15
◎Open Interest
KuCoin$44.25M
Bybit$692.9K⚡Funding APR
−11.58%
annualized · funding only
⚠Execution Cost
−$25.92
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
KuCoin$5.14MBybit$105.5KLoading 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 (−$25.92 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.