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updated 2:11:12 PMFunding Arbitrage Backtester
Size$
R-trip cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+91.01%
7d Period Avg+126.66%
LONG Pacifica · now
+10.96%
7d avg:−32.45%
SHORT Backpack · now2Z_USDC_PERP
+101.96%
7d avg:+94.21%
Entry Spread Now
+0.196%
In your favorL 0.06630 · S 0.06643+$19.61 if it converges
24h range −0.50%…+0.90% · median +0.28%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$222.43
+2.22%
$Avg Daily PnL
+$30.05
+0.3005%
★Best Day
+$55.46
Jul 15
◎Open Interest
Pacifica$49.8K
Backpack$116.6K⚡Funding APR
+109.70%
annualized · funding only
⚠Execution Cost
−$18.00
entry + exit fees
⏱Payback
14.4h
to break even
◧24h Volume
Pacifica$12.3KBackpack$64.3KLoading 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 (−$18.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.