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updated —ZEREBRO 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
−12.49%
7d Period Avg+51.78%
swing±57.17%
LONG Bybit · now
+10.96%
7d avg:+13.53%
SHORT KuCoin · nowZEREBROUSDTM
−1.53%
7d avg:+65.31%
Entry Spread Now
+0.519%
In your favorL 0.02215 · S 0.02227+$51.91 if it converges
24h range −0.26%…+0.44% · median +0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$76.24
+0.76%
$Avg Daily PnL
+$14.18
+0.1418%
★Best Day
+$28.25
Nov 8
◎Open Interest
Bybit$3.68M
KuCoin$835.3K⚡Funding APR
+51.74%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
1.6d
to break even
◧24h Volume
Bybit$1.40MKuCoin$682.1KLoading 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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.