← Back to Screener
updated 9:08:42 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+337.40%
3d Period Avg+48.70%
LONG Variational · now
+10.96%
3d avg:+10.96%
SHORT Backpack · nowEDGE_USDC_PERP
+348.36%
3d avg:+59.66%
Entry Spread Now
+0.201%
In your favorL 0.2788 · S 0.2794+$20.09 if it converges
24h range −0.21%…+0.44% · median +0.08%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$29.50
+0.29%
$Avg Daily PnL
+$9.87
+0.0987%
★Best Day
+$34.38
Aug 16
◎Open Interest
Variational$53.5K
Backpack$19.6K⚡Funding APR
+36.04%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
1.0d
to break even
◧24h Volume
Variational$8.8KBackpack$25.8KLoading 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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.