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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~400d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.21%
30d Period Avg+5.66%
swing±47.68%
LONG KuCoin · nowTHEUSDTM
+10.96%
30d avg:+21.28%
SHORT Bybit · now
+11.17%
30d avg:+26.94%
Entry Spread Now
+0.078%
Eaten by executionL 0.07648 · S 0.07654+$7.85 if it converges
24h range −0.23%…+0.32% · median +0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$23.49
+0.23%
$Avg Daily PnL
+$1.55
+0.0155%
★Best Day
+$33.98
Sep 22
◎Open Interest
KuCoin$118.4K
Bybit$419.0K⚡Funding APR
+5.66%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
14.8d
to break even
◧24h Volume
KuCoin$16.4KBybit$85.5KLoading 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.