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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 ~0.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+134.47%
3d Period Avg+67.32%
swing±51.80%
LONG Backpack · nowCHIP_USDC_PERP
−76.48%
3d avg:−13.71%
SHORT NADO · nowCHIP-PERP
+57.99%
3d avg:+53.61%
Entry Spread Now
−0.034%
Eaten by executionL 0.04403 · S 0.04401−$3.41 if it converges
24h range −0.87%…+0.85% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.035%
Loading Funding History…
↗Total PnL
+$38.29
+0.38%
$Avg Daily PnL
+$18.43
+0.1843%
★Best Day
+$22.37
Sep 30
◎Open Interest
Backpack$10.4K
NADO$105.2K⚡Funding APR
+67.27%
annualized · funding only
⚠Execution Cost
−$17.00
entry + exit fees
⏱Payback
22.1h
to break even
◧24h Volume
Backpack$125.1KNADO$22.8KLoading 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 (−$17.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.