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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+71.22%
3d Period Avg+27.82%
swing±60.42%
LONG KuCoin · nowPHAUSDTM
−60.27%
3d avg:−38.68%
SHORT Binance Futures · now
+10.96%
3d avg:−10.86%
Entry Spread Now
+0.217%
In your favorL 0.08232 · S 0.08250+$21.66 if it converges
24h range −4.28%…+4.36% · median +0.21%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$0.85
+0.01%
$Avg Daily PnL
+$7.62
+0.0762%
★Best Day
+$21.16
Sep 25
◎Open Interest
⚡Funding APR
+27.80%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
2.9d
to break even
◧24h Volume
Loading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.