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updated 11:53:38 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−9.20%
3d Period Avg+23.67%
LONG Backpack · nowENA_USDC_PERP
+10.96%
3d avg:−24.49%
SHORT Extended · now
+1.75%
3d avg:−0.82%
Entry Spread Now
−0.096%
Against youL ask 0.08310 · S bid 0.08302−$9.63 at entry
24h range −0.28%…+0.00% · median −0.11%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$11.79
−0.12%
$Avg Daily PnL
+$4.86
+0.0486%
★Best Day
+$7.46
Aug 13
◎Open Interest
Backpack$221.0K
Extended$616.0K⚡Funding APR
+17.74%
annualized · funding only
⚠Execution Cost
−$31.23
entry + exit fees
⏱Payback
6.4d
to break even
◧24h Volume
Backpack$22.7KExtended$97.3KLoading 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 (−$31.23 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.