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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 ~2.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+50.40%
3d Period Avg+26.24%
swing±7.81%
LONG Hotcoin · now
−12.05%
3d avg:−12.05%
SHORT KuCoin · nowUSELESSUSDTM
+38.35%
3d avg:+14.19%
Entry Spread Now
+0.135%
Eaten by executionL 0.2817 · S 0.2821+$13.49 if it converges
24h range −0.90%…+0.66% · median −0.04%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$18.65
−0.19%
$Avg Daily PnL
+$7.14
+0.0714%
★Best Day
+$7.65
Sep 27
◎Open Interest
⚡Funding APR
+26.05%
annualized · funding only
⚠Execution Cost
−$40.06
entry + exit fees
⏱Payback
5.6d
to break even
◧24h Volume
Loading 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 (−$40.06 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.