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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 ~2.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+29.99%
7d Period Avg+20.66%
swing±18.28%
LONG KuCoin · nowPENGUUSDTM
−29.59%
7d avg:−9.54%
SHORT Hotcoin · now
+0.41%
7d avg:+11.12%
Entry Spread Now
+0.137%
In your favorL 0.005852 · S 0.005860+$13.67 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
+$15.59
+0.16%
$Avg Daily PnL
+$5.66
+0.0566%
★Best Day
+$8.02
Nov 12
◎Open Interest
KuCoin$3.51M
Hotcoin$1.83M⚡Funding APR
+20.65%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
4.2d
to break even
◧24h Volume
KuCoin$14.48MHotcoin$2.44MLoading 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.