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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 ~5.1d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+86.86%
7d Period Avg+33.32%
swing±169.65%
LONG KuCoin · nowSIRENUSDTM
+10.96%
7d avg:+60.65%
SHORT Bybit · now
+97.82%
7d avg:+93.97%
Entry Spread Now
+0.522%
Eaten by executionL 0.02299 · S 0.02311+$52.20 if it converges
24h range +0.21%…+1.37% · median +0.45%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$62.09
−0.62%
$Avg Daily PnL
+$8.55
+0.0855%
★Best Day
+$22.66
Sep 24
◎Open Interest
KuCoin$727.7K
Bybit$1.67M⚡Funding APR
+31.19%
annualized · funding only
⚠Execution Cost
−$121.91
entry + exit fees
⏱Payback
14.3d
to break even
◧24h Volume
KuCoin$287.5KBybit$529.1KLoading 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 (−$121.91 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.