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updated 4:34:05 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+108.04%
3d Period Avg+22.91%
LONG KuCoin · nowRIFUSDTM
−97.08%
3d avg:−20.76%
SHORT Pionex · nowRIF_USDT_PERP
+10.96%
3d avg:+2.15%
Entry Spread Now
+0.064%
Eaten by executionL 0.07212 · S 0.07217+$6.38 if it converges
24h range −0.50%…+0.42% · median +0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$3.19
−0.03%
$Avg Daily PnL
+$4.70
+0.0470%
★Best Day
+$9.57
Aug 17
◎Open Interest
KuCoin$222.9K
Pionex$29.5K⚡Funding APR
+17.17%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
4.7d
to break even
◧24h Volume
KuCoin$99.0KPionex$72.4KLoading 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.