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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+151.37%
3d Period Avg+106.10%
swing±60.81%
LONG Backpack · now2Z_USDC_PERP
−10.78%
3d avg:−26.92%
SHORT Toobit · now2Z-SWAP-USDT
+140.59%
3d avg:+79.18%
Entry Spread Now
−0.205%
Against youL 0.05862 · S 0.05850−$20.47 if it converges
24h range −0.54%…+0.35% · median −0.09%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$61.39
+0.61%
$Avg Daily PnL
+$27.80
+0.2780%
★Best Day
+$37.66
Sep 30
◎Open Interest
Backpack$73.2K
Toobit$480.8K⚡Funding APR
+101.45%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
19.0h
to break even
◧24h Volume
Backpack$5.0KToobit$1.25MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.