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updated —ETH Funding Arbitrage Backtester
Size per leg$
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
−42.77%
1d Period Avg+48.03%
swing±100.77%
LONG Bullet · now
+77.67%
1d avg:−28.94%
SHORT dYdX · now
+34.90%
1d avg:+19.09%
Entry Spread Now
−0.107%
Against youL ask 2,242 · S bid 2,239.6−$10.70 at entry
24h range −0.72%…+0.19% · median −0.07%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.040%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$13.63
−0.14%
$Avg Daily PnL
+$11.72
+0.1172%
★Best Day
+$5.96
Oct 29
◎Open Interest
⚡Funding APR
+42.76%
annualized · funding only
⚠Execution Cost
−$25.35
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
Loading 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 (−$25.35 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.