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updated 9:04:01 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+66.22%
3d Period Avg+133.45%
LONG Backpack · nowCC_USDC_PERP
−62.98%
3d avg:−115.77%
SHORT BloFin · now
+3.24%
3d avg:+17.68%
Entry Spread Now
−0.177%
Against youL 0.09062 · S 0.09046−$17.66 if it converges
24h range −0.07%…+0.21% · median +0.02%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$84.45
+0.84%
$Avg Daily PnL
+$26.61
+0.2661%
★Best Day
+$49.26
Aug 15
◎Open Interest
Backpack$117.8K
BloFin$588.8K⚡Funding APR
+97.14%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
19.9h
to break even
◧24h Volume
Backpack$16.6KBloFin$95.1KLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.