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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 ~2.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+19.51%
1d Period Avg+11.62%
swing±21.92%
LONG Meridian · now
+5.04%
1d avg:+6.67%
SHORT Hibachi · nowETH/USDT-P
+24.54%
1d avg:+18.29%
Entry Spread Now
+0.066%
Eaten by executionL 2,335.99 · S 2,337.54+$6.60 if it converges
24h range −0.08%…+0.21% · median +0.07%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.030%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
−$10.80
−0.11%
$Avg Daily PnL
+$4.20
+0.0420%
★Best Day
+$2.65
Oct 28
◎Open Interest
Meridian$57.5K
Hibachi$101.7K⚡Funding APR
+15.33%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
3.6d
to break even
◧24h Volume
Meridian$196.6KHibachi$1.00MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$15.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.