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updated 3:14:43 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
+86.03%
1d Period Avg+81.72%
LONG Binance Futures · now
−49.33%
1d avg:−15.72%
SHORT Backpack · nowAERO_USDC_PERP
+36.70%
1d avg:+66.00%
Entry Spread Now
−0.162%
Against youL 0.4799 · S 0.4792−$16.17 if it converges
24h range −1.05%…+0.51% · median +0.19%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$3.93
+0.04%
$Avg Daily PnL
+$11.97
+0.1197%
★Best Day
+$16.67
Jul 17
◎Open Interest
⚡Funding APR
+43.67%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.7d
to break even
◧24h Volume
Loading 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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.