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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 ~0.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+194.92%
1d Period Avg+172.39%
swing±17.10%
LONG Meridian · now
−183.52%
1d avg:−163.70%
SHORT Extended · now
+11.40%
1d avg:+8.69%
Entry Spread Now
+0.167%
In your favorL ask 0.1860 · S bid 0.1863+$16.67 at entry
24h range −0.50%…+0.47% · median −0.07%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.030%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
+$26.19
+0.26%
$Avg Daily PnL
+$47.20
+0.4720%
★Best Day
+$43.82
Oct 17
◎Open Interest
Meridian$68.9K
Extended$362.7K⚡Funding APR
+172.27%
annualized · funding only
⚠Execution Cost
−$21.01
entry + exit fees
⏱Payback
10.8h
to break even
◧24h Volume
Meridian$66.1KExtended$904.9KLoading 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 (−$21.01 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.