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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 ~7.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.47%
3d Period Avg+6.07%
swing±4.42%
LONG Binance Futures · now
−12.37%
3d avg:+1.31%
SHORT Backpack · nowETH_USDC_PERP
−1.89%
3d avg:+7.38%
Entry Spread Now
−0.093%
Against youL ask 2,504.82 · S bid 2,502.5−$9.26 at entry
24h range −0.10%…+0.00% · median −0.06%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$13.72
−0.14%
$Avg Daily PnL
+$2.12
+0.0212%
★Best Day
+$2.05
Oct 10
◎Open Interest
Binance Futures$5.86B
Backpack$9.58M⚡Funding APR
+7.74%
annualized · funding only
⚠Execution Cost
−$20.08
entry + exit fees
⏱Payback
9.5d
to break even
◧24h Volume
Binance Futures$2.38BBackpack$3.31MLoading 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 (−$20.08 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.