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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 ~6.7d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+67.30%
7d Period Avg+43.08%
swing±55.92%
LONG KuCoin · nowSIRENUSDTM
+10.96%
7d avg:+58.28%
SHORT Hotcoin · now
+78.26%
7d avg:+101.36%
Entry Spread Now
+0.087%
Eaten by executionL 0.02299 · S 0.02301+$8.70 if it converges
24h range +0.00%…+0.39% · median +0.13%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$40.35
−0.40%
$Avg Daily PnL
+$11.79
+0.1179%
★Best Day
+$25.45
Sep 25
◎Open Interest
KuCoin$727.7K
Hotcoin$575.4K⚡Funding APR
+43.05%
annualized · funding only
⚠Execution Cost
−$122.91
entry + exit fees
⏱Payback
10.4d
to break even
◧24h Volume
KuCoin$287.5KHotcoin$500.4KLoading 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 (−$122.91 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.