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updated —BTC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+83.24%
1d Period Avg−10.39%
swing±40.17%
LONG Perpl · now
+0.00%
1d avg:+27.12%
SHORT Meridian · now
+83.24%
1d avg:+16.73%
Entry Spread Now
−0.024%
Against youL ask 77,066.1 · S bid 77,048−$2.35 at entry
24h range −0.18%…+0.04% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.088%SHORTmaker0%/taker0.030%
Loading Funding History…
↗Total PnL
−$22.13
−0.22%
$Avg Daily PnL
−$1.23
−0.0123%
★Best Day
+$0.95
Nov 3
◎Open Interest
Perpl$539.5K
Meridian$211.3K⚡Funding APR
−4.49%
annualized · funding only
⚠Execution Cost
−$20.90
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Perpl$30.04MMeridian$247.3KLoading 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 (−$20.90 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.