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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 ~7.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
3d Period Avg+2.13%
swing±12.85%
LONG Bybit · now
+0.00%
3d avg:+1.60%
SHORT KuCoin · nowTQQQUSDTM
+10.96%
3d avg:+3.73%
Entry Spread Now
−0.064%
Eaten by executionL 78.4500 · S 78.4000−$6.37 if it converges
24h range −0.24%…+0.03% · median −0.09%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$21.26
−0.21%
$Avg Daily PnL
+$0.44
+0.0044%
★Best Day
+$2.00
Sep 21
◎Open Interest
Bybit$3.53M
KuCoin$186.6K⚡Funding APR
+1.59%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
1.8mo
to break even
◧24h Volume
Bybit$9.27MKuCoin$331.5KLoading 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.