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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+25.88%
3d Period Avg−20.36%
swing±42.76%
LONG Backpack · nowCHIP_USDC_PERP
+10.96%
3d avg:−13.71%
SHORT Aftermath · now
+36.84%
3d avg:−34.07%
Entry Spread Now
+0.089%
Eaten by executionL 0.04383 · S 0.04387+$8.94 if it converges
24h range −1.12%…+0.89% · median +0.12%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker-0.005%/taker0.045%
Loading Funding History…
↗Total PnL
−$71.59
−0.72%
$Avg Daily PnL
−$5.57
−0.0557%
★Best Day
+$1.49
Oct 2
◎Open Interest
Backpack$11.0K
Aftermath$1.0K⚡Funding APR
−20.35%
annualized · funding only
⚠Execution Cost
−$54.87
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Backpack$120.7KAftermath$60.7KLoading 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 (−$54.87 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.