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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~6.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
7d Period Avg+2.33%
swing±8.99%
LONG Binance Futures · now
+0.00%
7d avg:+3.60%
SHORT Backpack · nowBNB_USDC_PERP
+10.96%
7d avg:+5.93%
Entry Spread Now
−0.089%
Against youL ask 750.8800 · S bid 750.2100−$8.92 at entry
24h range −0.14%…−0.01% · median −0.08%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$15.97
−0.16%
$Avg Daily PnL
+$0.69
+0.0069%
★Best Day
+$3.00
Oct 10
◎Open Interest
⚡Funding APR
+2.52%
annualized · funding only
⚠Execution Cost
−$20.81
entry + exit fees
⏱Payback
1.0mo
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 + live L2 orderbook slippage on both legs (−$20.81 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.