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updated 11:16:14 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+96.90%
1d Period Avg+166.57%
LONG Backpack · nowFARTCOIN_USDC_PERP
−33.70%
1d avg:−48.33%
SHORT Ethereal · now
+63.20%
1d avg:+118.24%
Entry Spread Now
+0.057%
Eaten by executionL 0.1427 · S 0.1428+$5.69 if it converges
24h range −0.09%…+0.41% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.030%
Loading Funding History…
↗Total PnL
+$4.11
+0.04%
$Avg Daily PnL
+$22.80
+0.2280%
★Best Day
+$25.81
Aug 15
◎Open Interest
Backpack$214.8K⚡Funding APR
+83.23%
annualized · funding only
⚠Execution Cost
−$41.49
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
Backpack$94.2KLoading 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 (−$41.49 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.