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updated 7:21:08 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
−10.96%
3d Period Avg−10.96%
LONG KuCoin · nowSQQQUSDTM
+10.96%
3d avg:+10.96%
SHORT Bybit · now
+0.00%
3d avg:+0.00%
Entry Spread Now
+0.055%
Eaten by executionL 36.4200 · S 36.4400+$5.49 if it converges
24h range −0.17%…+0.33% · median +0.11%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$32.00
−0.32%
$Avg Daily PnL
−$3.00
−0.0300%
★Best Day
−$3.00
Aug 15
◎Open Interest
KuCoin$94.4K
Bybit$566.0K⚡Funding APR
−10.95%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
KuCoin$325.0KBybit$458.2KLoading 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.