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updated 9:09:00 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.6d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+119.64%
3d Period Avg+59.71%
LONG Backpack · nowFARTCOIN_USDC_PERP
−108.69%
3d avg:−35.11%
SHORT Variational · now
+10.96%
3d avg:+24.60%
Entry Spread Now
+0.152%
In your favorL 0.1447 · S 0.1449+$15.21 if it converges
24h range −0.19%…+0.60% · median +0.18%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$37.65
+0.38%
$Avg Daily PnL
+$14.40
+0.1440%
★Best Day
+$33.55
Aug 15
◎Open Interest
Backpack$236.4K
Variational$675.0K⚡Funding APR
+52.56%
annualized · funding only
⚠Execution Cost
−$19.95
entry + exit fees
⏱Payback
1.4d
to break even
◧24h Volume
Backpack$187.5KVariational$607.3KLoading 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 (−$19.95 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.