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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 ~12d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+274.94%
30d Period Avg+130.90%
swing±177.29%
LONG Coinbase International · nowDYDX-PERP
−28.05%
30d avg:+3.12%
SHORT dYdX · now
+246.89%
30d avg:+134.02%
Entry Spread Now
−0.064%
Eaten by executionL 0.1436 · S 0.1435−$6.40 if it converges
24h range −0.53%…+3.28% · median +0.30%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.040%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$28.48
−0.28%
$Avg Daily PnL
+$29.93
+0.2993%
★Best Day
+$106.14
Sep 25
◎Open Interest
Coinbase International$6.2K
dYdX$82.9K⚡Funding APR
+109.24%
annualized · funding only
⚠Execution Cost
−$926.35
entry + exit fees
⏱Payback
1.0mo
to break even
◧24h Volume
Coinbase International$166dYdX$4.2KLoading 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 (−$926.35 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.