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updated 7:14:02 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+74.88%
1d Period Avg+43.37%
swing±26.51%
LONG Backpack · nowENA_USDC_PERP
−41.72%
1d avg:−6.99%
SHORT BloFin · now
+33.16%
1d avg:+36.38%
Entry Spread Now
−0.089%
Against youL ask 0.1578 · S bid 0.1576−$8.87 at entry
24h range −1.07%…+0.53% · median −0.03%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$22.89
−0.23%
$Avg Daily PnL
+$6.72
+0.0672%
★Best Day
+$8.09
Sep 1
◎Open Interest
Backpack$294.4K
BloFin$4.76M⚡Funding APR
+24.54%
annualized · funding only
⚠Execution Cost
−$36.33
entry + exit fees
⏱Payback
5.4d
to break even
◧24h Volume
Backpack$440.0KBloFin$3.47MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$36.33 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.