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updated —USELESS Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+15.24%
swing±31.28%
LONG Hotcoin · now
+10.96%
3d avg:+19.09%
SHORT KuCoin · nowUSELESSUSDTM
+10.96%
3d avg:+34.33%
Entry Spread Now
−0.054%
Eaten by executionL 0.1118 · S 0.1118−$5.37 if it converges
24h range −1.54%…+1.08% · median −0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$20.28
−0.20%
$Avg Daily PnL
+$3.94
+0.0394%
★Best Day
+$6.17
Nov 12
◎Open Interest
Hotcoin$726.7K
KuCoin$3.70M⚡Funding APR
+14.38%
annualized · funding only
⚠Execution Cost
−$32.10
entry + exit fees
⏱Payback
8.2d
to break even
◧24h Volume
Hotcoin$2.31MKuCoin$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 (−$32.10 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.