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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 ~8.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.92%
3d Period Avg+18.50%
swing±21.51%
LONG Meridian · now
+8.61%
3d avg:+8.40%
SHORT Hibachi · nowETH/USDT-P
+17.53%
3d avg:+26.90%
Entry Spread Now
+0.056%
In your favorL ask 2,333 · S bid 2,334.3+$5.57 at entry
24h range −0.08%…+0.19% · median +0.07%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.030%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
−$4.56
−0.05%
$Avg Daily PnL
+$5.00
+0.0500%
★Best Day
+$8.07
Oct 28
◎Open Interest
Meridian$56.3K
Hibachi$102.9K⚡Funding APR
+18.24%
annualized · funding only
⚠Execution Cost
−$19.56
entry + exit fees
⏱Payback
3.9d
to break even
◧24h Volume
Meridian$138.2KHibachi$1.04MLoading 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 (−$19.56 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.