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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+3.28%
swing±5.07%
LONG Pacifica · now
+10.96%
3d avg:+7.60%
SHORT Backpack · nowETH_USDC_PERP
+10.96%
3d avg:+10.88%
Entry Spread Now
−0.119%
Against youL ask 2,443.3 · S bid 2,440.39−$11.91 at entry
24h range −0.17%…−0.03% · median −0.10%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$16.03
−0.16%
$Avg Daily PnL
+$0.89
+0.0089%
★Best Day
+$1.69
Oct 13
◎Open Interest
Pacifica$17.28M
Backpack$10.91M⚡Funding APR
+3.23%
annualized · funding only
⚠Execution Cost
−$18.69
entry + exit fees
⏱Payback
21.1d
to break even
◧24h Volume
Pacifica$163.69MBackpack$35.04MLoading 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 (−$18.69 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.