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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+87.56%
swing±69.96%
LONG KuCoin · nowSIRENUSDTM
+10.96%
3d avg:+17.24%
SHORT Gate.io · now
+10.96%
3d avg:+104.80%
Entry Spread Now
−0.129%
Eaten by executionL 0.02321 · S 0.02318−$12.93 if it converges
24h range −0.56%…−0.09% · median −0.30%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker-0.010%/taker0.075%
Loading Funding History…
↗Total PnL
+$44.92
+0.45%
$Avg Daily PnL
+$23.97
+0.2397%
★Best Day
+$41.59
Sep 26
◎Open Interest
⚡Funding APR
+87.50%
annualized · funding only
⚠Execution Cost
−$27.00
entry + exit fees
⏱Payback
1.1d
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 (−$27.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.