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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
−73.42%
7d Period Avg+80.38%
swing±117.04%
LONG KuCoin · nowSOONUSDTM
+84.37%
7d avg:+21.09%
SHORT Bybit · now
+10.96%
7d avg:+101.47%
Entry Spread Now
+0.434%
In your favorL 0.3366 · S 0.3380+$43.38 if it converges
24h range −3.05%…+1.17% · median −0.28%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$122.71
+1.23%
$Avg Daily PnL
+$20.82
+0.2082%
★Best Day
+$47.73
Sep 22
◎Open Interest
KuCoin$3.33M
Bybit$7.87M⚡Funding APR
+75.98%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
KuCoin$12.88MBybit$62.25MLoading 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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.