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updated 9:07:58 PMFunding Arbitrage Backtester
Size$
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
−28.30%
3d Period Avg−11.43%
LONG KuCoin · nowSMCIUSDTM
+28.05%
3d avg:+10.96%
SHORT Toobit · nowSMCI-SWAP-USDT
−0.25%
3d avg:−0.47%
Entry Spread Now
+0.105%
Eaten by executionL 38.1300 · S 38.1700+$10.49 if it converges
24h range −0.30%…+0.42% · median −0.03%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$33.39
−0.33%
$Avg Daily PnL
−$3.13
−0.0313%
★Best Day
−$3.12
Aug 17
◎Open Interest
KuCoin$230.5K
Toobit$1.4K⚡Funding APR
−11.42%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
KuCoin$698.7KToobit$686.8KLoading 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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.