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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 ~1.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+37.69%
7d Period Avg+22.86%
swing±28.03%
LONG Hibachi · nowETH/USDT-P
−3.51%
7d avg:−4.40%
SHORT Coinbase International · nowETH-PERP
+34.19%
7d avg:+18.46%
Entry Spread Now
−0.708%
Against youL 2,707.19 · S 2,688.03−$70.76 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 3h ago. This venue stopped reporting this market (delisted/renamed/blocked); the rate shown is not live.
Loading Funding History…
↗Total PnL
+$24.63
+0.25%
$Avg Daily PnL
+$6.16
+0.0616%
★Best Day
+$16.42
Sep 30
◎Open Interest
Hibachi$269.5K
Coinbase International$36.82M⚡Funding APR
+22.50%
annualized · funding only
⚠Execution Cost
−$18.52
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
Hibachi$2.28MCoinbase International$141.58MLoading 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 (−$18.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.