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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+17.65%
swing±38.19%
LONG OKX · nowUSELESS-USDT-SWAP
+10.96%
3d avg:+15.38%
SHORT KuCoin · nowUSELESSUSDTM
+10.96%
3d avg:+33.03%
Entry Spread Now
+0.090%
Eaten by executionL 0.1117 · S 0.1118+$8.96 if it converges
24h range −1.97%…+0.90% · median −0.06%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$7.50
−0.08%
$Avg Daily PnL
+$4.83
+0.0483%
★Best Day
+$9.47
Nov 12
◎Open Interest
OKX$3.02M
KuCoin$3.70M⚡Funding APR
+17.64%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
4.5d
to break even
◧24h Volume
OKX$9.83MKuCoin$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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.