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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 ~2.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+150.94%
3d Period Avg+65.71%
swing±204.47%
LONG KuCoin · nowSIRENUSDTM
+10.96%
3d avg:+18.03%
SHORT Bybit · now
+161.90%
3d avg:+83.74%
Entry Spread Now
+0.431%
Eaten by executionL 0.02321 · S 0.02331+$43.08 if it converges
24h range +0.13%…+1.37% · median +0.43%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$40.29
−0.40%
$Avg Daily PnL
+$15.66
+0.1566%
★Best Day
+$16.60
Sep 27
◎Open Interest
⚡Funding APR
+57.15%
annualized · funding only
⚠Execution Cost
−$87.27
entry + exit fees
⏱Payback
5.6d
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 (−$87.27 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.