← Back to Screener
updated —USELESS Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+13.81%
3d Period Avg+26.50%
swing±31.66%
LONG Gate.io · now
−2.85%
3d avg:+6.53%
SHORT KuCoin · nowUSELESSUSDTM
+10.96%
3d avg:+33.03%
Entry Spread Now
+0.054%
Eaten by executionL 0.1117 · S 0.1118+$5.37 if it converges
24h range −1.29%…+1.66% · median +0.02%
Long pays every4hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$2.10
−0.02%
$Avg Daily PnL
+$8.30
+0.0830%
★Best Day
+$12.19
Nov 12
◎Open Interest
Gate.io$7.99M
KuCoin$3.70M⚡Funding APR
+30.30%
annualized · funding only
⚠Execution Cost
−$27.00
entry + exit fees
⏱Payback
3.3d
to break even
◧24h Volume
Gate.io$2.06MKuCoin$37.23MLoading 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 (−$27.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.