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updated 8:38:34 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.57%
3d Period Avg+41.43%
swing±42.93%
LONG Backpack · nowENA_USDC_PERP
−5.11%
3d avg:−13.67%
SHORT BloFin · now
+21.47%
3d avg:+27.76%
Entry Spread Now
+0.013%
In your favorL ask 0.1574 · S bid 0.1575+$1.27 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
−$5.83
−0.06%
$Avg Daily PnL
+$8.17
+0.0817%
★Best Day
+$10.83
Sep 1
◎Open Interest
Backpack$294.1K
BloFin$4.77M⚡Funding APR
+29.83%
annualized · funding only
⚠Execution Cost
−$38.52
entry + exit fees
⏱Payback
4.7d
to break even
◧24h Volume
Backpack$450.5KBloFin$3.33MLoading 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 (−$38.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.