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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
−50.84%
7d Period Avg−1.78%
swing±17.45%
LONG grvt · nowEWY_USDT_Perp
+0.00%
7d avg:+5.31%
SHORT Coinbase International · nowEWY-PERP
−50.84%
7d avg:+3.53%
Entry Spread Now
−0.123%
Against youL ask 187.3300 · S bid 187.1000−$12.28 at entry
24h range −0.21%…−0.01% · median −0.07%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
−$35.32
−0.35%
$Avg Daily PnL
−$0.49
−0.0049%
★Best Day
+$2.95
Sep 24
◎Open Interest
⚡Funding APR
−1.78%
annualized · funding only
⚠Execution Cost
−$31.91
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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 (−$31.91 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.