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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%
7d Period Avg+1.48%
swing±3.99%
LONG Pacifica · now
+10.96%
7d avg:+9.48%
SHORT Backpack · nowBTC_USDC_PERP
+10.96%
7d avg:+10.96%
Entry Spread Now
−0.096%
Against youL ask 82,164 · S bid 82,085−$9.61 at entry
24h range −0.22%…+0.03% · median −0.08%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$15.90
−0.16%
$Avg Daily PnL
+$0.40
+0.0040%
★Best Day
+$1.48
Oct 13
◎Open Interest
Pacifica$20.87M
Backpack$42.91M⚡Funding APR
+1.47%
annualized · funding only
⚠Execution Cost
−$18.71
entry + exit fees
⏱Payback
1.6mo
to break even
◧24h Volume
Pacifica$246.87MBackpack$232.89MLoading 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 (−$18.71 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.