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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 ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+102.76%
3d Period Avg+26.60%
swing±34.95%
LONG OKX · nowPIPPIN-USDT-SWAP
+30.27%
3d avg:+25.11%
SHORT KuCoin · nowPIPPINUSDTM
+133.02%
3d avg:+51.71%
Entry Spread Now
+0.106%
Eaten by executionL 0.01887 · S 0.01889+$10.60 if it converges
24h range −0.32%…+0.26% · median −0.05%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$0.15
+0.00%
$Avg Daily PnL
+$7.28
+0.0728%
★Best Day
+$9.55
Sep 26
◎Open Interest
OKX$1.27M
KuCoin$1.69M⚡Funding APR
+26.58%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
OKX$1.32MKuCoin$2.37MLoading 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.