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updated —ADA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+47.84%
3d Period Avg+23.73%
swing±15.58%
LONG Backpack · nowADA_USDC_PERP
−36.45%
3d avg:−15.45%
SHORT Extended · now
+11.40%
3d avg:+8.28%
Entry Spread Now
−0.026%
Eaten by executionL 0.1920 · S 0.1919−$2.61 if it converges
24h range −0.42%…+0.23% · median −0.03%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
+$3.58
+0.04%
$Avg Daily PnL
+$6.50
+0.0650%
★Best Day
+$7.68
Oct 29
◎Open Interest
Backpack$227.1K
Extended$329.0K⚡Funding APR
+23.72%
annualized · funding only
⚠Execution Cost
−$15.91
entry + exit fees
⏱Payback
2.5d
to break even
◧24h Volume
Backpack$316.1KExtended$1.48MLoading 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 (−$15.91 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.