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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%
7d Period Avg+1.21%
swing±6.08%
LONG Pacifica · now
+10.96%
7d avg:+7.93%
SHORT Backpack · nowETH_USDC_PERP
+10.96%
7d avg:+9.14%
Entry Spread Now
−0.121%
Against youL ask 2,434.1 · S bid 2,431.15−$12.12 at entry
24h range −0.17%…+0.11% · median −0.10%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$16.21
−0.16%
$Avg Daily PnL
+$0.32
+0.0032%
★Best Day
+$1.69
Oct 13
◎Open Interest
Pacifica$17.26M
Backpack$10.65M⚡Funding APR
+1.19%
annualized · funding only
⚠Execution Cost
−$18.48
entry + exit fees
⏱Payback
1.9mo
to break even
◧24h Volume
Pacifica$173.12MBackpack$39.53MLoading 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 (−$18.48 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.