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updated 8:03:57 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+35.28%
3d Period Avg+0.80%
LONG KuCoin · nowPAXGUSDTM
−15.12%
3d avg:+5.17%
SHORT Hibachi · nowPAXG/USDT-P
+20.16%
3d avg:+5.97%
Entry Spread Now
+0.009%
In your favorL ask 4,411.51 · S bid 4,411.93+$0.95 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
−$41.10
−0.41%
$Avg Daily PnL
+$0.08
+0.0008%
★Best Day
+$2.65
Aug 17
◎Open Interest
KuCoin$46.57M
Hibachi$157.3K⚡Funding APR
+0.29%
annualized · funding only
⚠Execution Cost
−$41.41
entry + exit fees
⏱Payback
17.6mo
to break even
◧24h Volume
KuCoin$5.05MHibachi$266.7KLoading 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 (−$41.41 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.