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updated —ETH Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+50.68%
30d Period Avg−5.83%
swing±40.97%
LONG Hibachi · nowETH/USDT-P
−1.75%
30d avg:+15.64%
SHORT Perpl · now
+48.93%
30d avg:+9.81%
Entry Spread Now
−0.006%
Against youL ask 1,908.74 · S bid 1,908.62−$0.63 at entry
24h range −0.26%…+0.55% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.045%SHORTmaker0.050%/taker0.088%
Loading Funding History…
↗Total PnL
−$74.67
−0.75%
$Avg Daily PnL
−$1.64
−0.0165%
★Best Day
+$8.64
Nov 13
◎Open Interest
Hibachi$116.4K
Perpl$67.5K⚡Funding APR
−6.00%
annualized · funding only
⚠Execution Cost
−$25.32
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hibachi$240.3KPerpl$3.89MLoading 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 (−$25.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.