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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 ~2.0d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+829.43%
3d Period Avg+75.65%
swing±86.58%
LONG edgeX V2 · now
+9.48%
3d avg:+1.09%
SHORT Coinbase International · nowHYPE-PERP
+838.91%
3d avg:+76.74%
Entry Spread Now
−0.061%
Against youL ask 88.5540 · S bid 88.5000−$6.10 at entry
24h range −0.28%…+4.34% · median +0.22%
Long pays every4hShort pays every1h
LONGmaker0.018%/taker0.038%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
−$394.52
−3.95%
$Avg Daily PnL
+$19.97
+0.1997%
★Best Day
+$34.28
Sep 30
◎Open Interest
edgeX V2$4.70M
Coinbase International$4.36M⚡Funding APR
+72.88%
annualized · funding only
⚠Execution Cost
−$454.42
entry + exit fees
⏱Payback
22.8d
to break even
◧24h Volume
edgeX V2$38.34MCoinbase International$2.58MLoading 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 (−$454.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.