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updated 10:32:28 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+56.78%
3d Period Avg+34.89%
LONG Backpack · nowADA_USDC_PERP
−45.83%
3d avg:−23.93%
SHORT HTX · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.124%
In your favorL ask 0.1756 · S bid 0.1758+$12.36 at entry
24h range +0.06%…+0.23% · median +0.15%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$15.95
−0.16%
$Avg Daily PnL
+$7.01
+0.0701%
★Best Day
+$10.11
Aug 15
◎Open Interest
Backpack$775.3K
HTX$1.02M⚡Funding APR
+25.60%
annualized · funding only
⚠Execution Cost
−$44.01
entry + exit fees
⏱Payback
6.3d
to break even
◧24h Volume
Backpack$256.3KHTX$1.87MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$44.01 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.