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updated 5:03:53 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.00%
3d Period Avg+29.19%
swing±14.22%
LONG Hibachi · nowETH/USDT-P
−7.89%
3d avg:−10.71%
SHORT Reya · nowETHRUSDPERP
+23.11%
3d avg:+18.48%
Entry Spread Now
−0.055%
Eaten by executionL 2,528.77 · S 2,527.37−$5.54 if it converges
24h range −0.08%…+0.09% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.045%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
+$6.36
+0.06%
$Avg Daily PnL
+$5.99
+0.0599%
★Best Day
+$7.52
Sep 12
◎Open Interest
Hibachi$222.2K
Reya$3.36M⚡Funding APR
+21.88%
annualized · funding only
⚠Execution Cost
−$17.62
entry + exit fees
⏱Payback
2.9d
to break even
◧24h Volume
Hibachi$677.3KReya$586.1KLoading 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 (−$17.62 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.