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updated —PENGU Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+32.97%
3d Period Avg+21.21%
swing±15.19%
LONG KuCoin · nowPENGUUSDTM
−32.00%
3d avg:−8.64%
SHORT Hotcoin · now
+0.97%
3d avg:+12.57%
Entry Spread Now
−0.052%
Eaten by executionL 0.005824 · S 0.005821−$5.15 if it converges
24h range −0.69%…+0.76% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$6.57
−0.07%
$Avg Daily PnL
+$5.81
+0.0581%
★Best Day
+$8.02
Nov 12
◎Open Interest
KuCoin$3.48M
Hotcoin$1.82M⚡Funding APR
+21.20%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
KuCoin$14.72MHotcoin$2.45MLoading 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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.