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updated 10:32:39 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
−3.23%
3d Period Avg+25.46%
LONG Backpack · nowENA_USDC_PERP
+14.62%
3d avg:−26.12%
SHORT Extended · now
+11.40%
3d avg:−0.66%
Entry Spread Now
−0.060%
Against youL ask 0.08297 · S bid 0.08292−$6.03 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
−$8.60
−0.09%
$Avg Daily PnL
+$5.23
+0.0523%
★Best Day
+$8.64
Aug 13
◎Open Interest
Backpack$220.5K
Extended$621.5K⚡Funding APR
+19.08%
annualized · funding only
⚠Execution Cost
−$29.51
entry + exit fees
⏱Payback
5.6d
to break even
◧24h Volume
Backpack$22.8KExtended$92.1KLoading 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 (−$29.51 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.