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updated 8:01:59 PMFunding Arbitrage Backtester
Size$
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
−3.29%
3d Period Avg−3.29%
LONG KuCoin · nowZKPUSDTM
+10.96%
3d avg:+10.96%
SHORT BingX · now
+7.67%
3d avg:+7.67%
Entry Spread Now
+0.049%
Eaten by executionL 0.04047 · S 0.04049+$4.94 if it converges
24h range −0.69%…+0.30% · median +0.04%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$24.55
−0.25%
$Avg Daily PnL
−$0.85
−0.0085%
★Best Day
−$0.75
Aug 17
◎Open Interest
KuCoin$761.4K
BingX$2.68M⚡Funding APR
−3.10%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
KuCoin$310.3KBingX$6.54MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.