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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%
7d Period Avg+24.04%
swing±33.74%
LONG MEXC · now
+10.96%
7d avg:+20.01%
SHORT KuCoin · nowUSELESSUSDTM
+10.96%
7d avg:+44.05%
Entry Spread Now
−0.089%
Against youL 0.1120 · S 0.1119−$8.93 if it converges
24h range −1.52%…+1.01% · median −0.04%
Long pays every4hShort pays every4h
LONGmaker0%/taker0.020%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$30.08
+0.30%
$Avg Daily PnL
+$6.58
+0.0658%
★Best Day
+$17.69
Nov 8
◎Open Interest
MEXC$2.76M
KuCoin$3.71M⚡Funding APR
+24.03%
annualized · funding only
⚠Execution Cost
−$16.00
entry + exit fees
⏱Payback
2.4d
to break even
◧24h Volume
MEXC$3.87MKuCoin$37.25MLoading 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 (−$16.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.