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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 ~2.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+27.39%
7d Period Avg+17.66%
swing±17.94%
LONG KuCoin · nowPENGUUSDTM
−29.59%
7d avg:−9.54%
SHORT MEXC · now
−2.19%
7d avg:+8.12%
Entry Spread Now
+0.068%
Eaten by executionL 0.005852 · S 0.005856+$6.84 if it converges
24h range −0.57%…+0.88% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
+$17.84
+0.18%
$Avg Daily PnL
+$4.83
+0.0483%
★Best Day
+$7.12
Nov 12
◎Open Interest
KuCoin$3.51M
MEXC$5.22M⚡Funding APR
+17.65%
annualized · funding only
⚠Execution Cost
−$16.00
entry + exit fees
⏱Payback
3.3d
to break even
◧24h Volume
KuCoin$14.48MMEXC$2.14MLoading 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 (−$16.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.