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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 ~23d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.38%
7d Period Avg+14.24%
swing±29.09%
LONG Gate.io · now
−8.99%
7d avg:−7.66%
SHORT KuCoin · nowWUSDTM
−4.60%
7d avg:+6.58%
Entry Spread Now
+0.436%
In your favorL 0.009399 · S 0.009440+$43.62 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
+$18.97
+0.19%
$Avg Daily PnL
+$6.57
+0.0657%
★Best Day
+$11.86
Nov 13
◎Open Interest
Gate.io$530.9K
KuCoin$697.8K⚡Funding APR
+23.97%
annualized · funding only
⚠Execution Cost
−$27.00
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
Gate.io$305.6KKuCoin$175.4KLoading 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.