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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 ~4.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+50.63%
30d Period Avg−3.46%
swing±82.76%
LONG Backpack · nowCHIP_USDC_PERP
−6.16%
30d avg:+3.33%
SHORT Aftermath · now
+44.47%
30d avg:−0.13%
Entry Spread Now
+0.232%
Eaten by executionL 0.04297 · S 0.04307+$23.21 if it converges
24h range −0.98%…+0.89% · median +0.12%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker-0.005%/taker0.045%
Loading Funding History…
↗Total PnL
−$86.74
−0.87%
$Avg Daily PnL
−$0.95
−0.0095%
★Best Day
+$32.39
Sep 4
◎Open Interest
Backpack$11.5K
Aftermath$1.1K⚡Funding APR
−3.46%
annualized · funding only
⚠Execution Cost
−$58.28
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Backpack$121.4KAftermath$61.8KLoading 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 (−$58.28 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.