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updated 5:04:43 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
+144.32%
3d Period Avg+42.61%
LONG Binance Futures · now
−28.43%
3d avg:−1.07%
SHORT Backpack · nowAERO_USDC_PERP
+115.89%
3d avg:+41.54%
Entry Spread Now
+0.103%
In your favorL 0.4904 · S 0.4909+$10.29 if it converges
24h range −1.05%…+1.22% · median +0.19%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$15.24
+0.15%
$Avg Daily PnL
+$8.81
+0.0881%
★Best Day
+$18.42
Jul 17
◎Open Interest
Binance Futures$12.60M
Backpack$223.9K⚡Funding APR
+32.16%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
2.3d
to break even
◧24h Volume
Binance Futures$41.61MBackpack$233.4KLoading 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.