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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+1.88%
swing±4.54%
LONG Pacifica · now
+10.96%
3d avg:+9.08%
SHORT Backpack · nowBTC_USDC_PERP
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.095%
Against youL ask 82,081 · S bid 82,003−$9.50 at entry
24h range −0.18%…+0.03% · median −0.08%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$16.99
−0.17%
$Avg Daily PnL
+$0.51
+0.0051%
★Best Day
+$1.48
Oct 13
◎Open Interest
Pacifica$20.98M
Backpack$43.65M⚡Funding APR
+1.85%
annualized · funding only
⚠Execution Cost
−$18.51
entry + exit fees
⏱Payback
1.2mo
to break even
◧24h Volume
Pacifica$221.40MBackpack$218.69MLoading 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 (−$18.51 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.