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updated —W Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+70.13%
3d Period Avg+21.15%
swing±33.86%
LONG Gate.io · now
−75.39%
3d avg:−14.59%
SHORT KuCoin · nowWUSDTM
−5.26%
3d avg:+6.56%
Entry Spread Now
+0.053%
Eaten by executionL 0.009455 · S 0.009460+$5.29 if it converges
24h range −0.81%…+1.63% · median −0.10%
Long pays every4hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$0.64
+0.01%
$Avg Daily PnL
+$9.21
+0.0921%
★Best Day
+$11.86
Nov 13
◎Open Interest
Gate.io$534.1K
KuCoin$699.3K⚡Funding APR
+33.63%
annualized · funding only
⚠Execution Cost
−$27.00
entry + exit fees
⏱Payback
2.9d
to break even
◧24h Volume
Gate.io$308.1KKuCoin$184.5KLoading 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 (−$27.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.