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updated 1:01:40 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+101.06%
3d Period Avg+168.40%
swing±79.99%
LONG Variational · now
−90.10%
3d avg:−161.80%
SHORT KuCoin · nowSUNUSDTM
+10.96%
3d avg:+6.60%
Entry Spread Now
+0.142%
In your favorL 0.01692 · S 0.01694+$14.18 if it converges
24h range −0.41%…+0.38% · median +0.09%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$126.32
+1.26%
$Avg Daily PnL
+$34.58
+0.3458%
★Best Day
+$72.90
Sep 14
◎Open Interest
Variational$162.8K
KuCoin$283.4K⚡Funding APR
+126.21%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
8.4h
to break even
◧24h Volume
Variational$0KuCoin$14.0KLoading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.