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updated 1:03:25 PMFunding 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
−422.96%
3d Period Avg+183.65%
LONG Gate.io · now
−1749.69%
3d avg:−172.69%
SHORT KuCoin · nowSTEEMUSDTM
−2172.65%
3d avg:+10.96%
Entry Spread Now
−0.263%
Against youL 0.05699 · S 0.05684−$26.32 if it converges
24h range −0.76%…+0.73% · median −0.28%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Sparse settlements: long 6%, short 17% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$17.99
−0.18%
$Avg Daily PnL
+$2.01
+0.0200%
★Best Day
+$3.04
Sep 13
◎Open Interest
Gate.io$319.8K
KuCoin$800.7K⚡Funding APR
+7.32%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
11.0d
to break even
◧24h Volume
Gate.io$1.34MKuCoin$1.83MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.