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updated 9:06:55 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+18.41%
3d Period Avg−10.01%
LONG KuCoin · nowTQQQUSDTM
−18.41%
3d avg:+10.01%
SHORT Bybit · now
+0.00%
3d avg:+0.00%
Entry Spread Now
+0.118%
In your favorL 76.2600 · S 76.3500+$11.80 if it converges
24h range −0.04%…+0.31% · median +0.12%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$31.22
−0.31%
$Avg Daily PnL
−$2.74
−0.0274%
★Best Day
−$2.22
Aug 16
◎Open Interest
KuCoin$380.6K
Bybit$3.28M⚡Funding APR
−10.00%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
KuCoin$690.0KBybit$1.68MLoading 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.