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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 ~1.2d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+71.88%
3d Period Avg+20.78%
swing±23.33%
LONG Perpl · now
+0.00%
3d avg:+0.34%
SHORT Coinbase International · nowETH-PERP
+71.88%
3d avg:+21.12%
Entry Spread Now
+0.121%
In your favorL ask 2,694.85 · S bid 2,698.12+$12.13 at entry
24h range −0.02%…+0.32% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.088%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
−$6.66
−0.07%
$Avg Daily PnL
+$5.56
+0.0556%
★Best Day
+$5.86
Sep 29
◎Open Interest
Perpl$492.3K
Coinbase International$38.13M⚡Funding APR
+20.29%
annualized · funding only
⚠Execution Cost
−$23.34
entry + exit fees
⏱Payback
4.2d
to break even
◧24h Volume
Perpl$965.2KCoinbase International$2.39BLoading 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 (−$23.34 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.