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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 ~2.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+49.31%
7d Period Avg+43.53%
swing±45.24%
LONG Hotcoin · now
−12.05%
7d avg:−24.81%
SHORT KuCoin · nowUSELESSUSDTM
+37.26%
7d avg:+18.72%
Entry Spread Now
−0.098%
Eaten by executionL 0.2854 · S 0.2852−$9.81 if it converges
24h range −0.90%…+0.87% · median −0.04%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$45.60
+0.46%
$Avg Daily PnL
+$11.87
+0.1187%
★Best Day
+$26.81
Sep 23
◎Open Interest
Hotcoin$1.48M
KuCoin$5.19M⚡Funding APR
+43.33%
annualized · funding only
⚠Execution Cost
−$37.51
entry + exit fees
⏱Payback
3.2d
to break even
◧24h Volume
Hotcoin$7.98MKuCoin$5.82MLoading 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 (−$37.51 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.