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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 ~1.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+53.08%
1d Period Avg+20.86%
swing±21.93%
LONG Crypto.com · nowENAUSD-PERP
−42.12%
1d avg:−20.53%
SHORT Backpack · nowENA_USDC_PERP
+10.96%
1d avg:+0.33%
Entry Spread Now
−0.030%
Eaten by executionL 0.2347 · S 0.2347−$2.98 if it converges
24h range −0.35%…+0.47% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$19.71
−0.20%
$Avg Daily PnL
+$5.71
+0.0571%
★Best Day
+$4.67
Oct 2
◎Open Interest
Crypto.com$45.0K
Backpack$406.7K⚡Funding APR
+20.84%
annualized · funding only
⚠Execution Cost
−$25.42
entry + exit fees
⏱Payback
4.5d
to break even
◧24h Volume
Crypto.com$31.9KBackpack$135.9KLoading 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 (−$25.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.