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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 ~2.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+32.43%
3d Period Avg+48.33%
swing±26.97%
LONG Hibachi · nowETH/USDT-P
+1.75%
3d avg:−10.23%
SHORT Coinbase International · nowETH-PERP
+34.19%
3d avg:+38.10%
Entry Spread Now
−0.321%
Against youL 2,696.68 · S 2,688.03−$32.07 if it converges
24h range −0.04%…+0.68% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.045%SHORTmaker0.020%/taker0.040%
Stale data — coinbase-intl last updated 5h ago. This venue stopped reporting this market (delisted/renamed/blocked); the rate shown is not live.
Loading Funding History…
↗Total PnL
+$16.91
+0.17%
$Avg Daily PnL
+$12.43
+0.1243%
★Best Day
+$16.42
Sep 30
◎Open Interest
⚡Funding APR
+45.37%
annualized · funding only
⚠Execution Cost
−$20.38
entry + exit fees
⏱Payback
1.6d
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 + fees only (orderbook snapshot stale) on both legs (−$20.38 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.