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updated 6:05:52 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Net Funding APR · Now
+18.32%
3d Avg—
LONG Backpack
−7.36%
3d: —
SHORT Aster
+10.96%
3d: —
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
−$39.44
−0.39%
$Avg Daily PnL
+$2.79
+0.0279%
★Best Day
+$5.06
May 18
◎Open Interest
Backpack$144.2K
Aster$1.79M⚡APR
−35.99%
annualized
⚠Execution Cost
−$50.59
entry + exit fees
⏱Payback
18.1d
to break even
◧24h Volume
Backpack$448.7KAster$164.2KLoading 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 (−$50.59 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.