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updated —BTC 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
−33.04%
3d Period Avg−5.29%
swing±33.97%
LONG Perpl · now
+48.93%
3d avg:+26.16%
SHORT Meridian · now
+15.88%
3d avg:+20.87%
Entry Spread Now
−0.059%
Eaten by executionL 76,876.1 · S 76,830.51−$5.93 if it converges
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
−$19.86
−0.20%
$Avg Daily PnL
−$1.09
−0.0109%
★Best Day
+$0.81
Nov 3
◎Open Interest
Perpl$558.0K
Meridian$219.0K⚡Funding APR
−3.96%
annualized · funding only
⚠Execution Cost
−$16.61
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Perpl$31.03MMeridian$245.2KLoading 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 (−$16.61 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.