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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 ~14d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.14%
3d Period Avg+21.16%
swing±12.59%
LONG Pacifica · now
+10.96%
3d avg:+10.96%
SHORT Backpack · nowHYPE_USDC_PERP
+16.10%
3d avg:+32.12%
Entry Spread Now
−0.061%
Against youL ask 81.5280 · S bid 81.4780−$6.13 at entry
24h range −0.18%…+0.11% · median −0.02%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$2.90
−0.03%
$Avg Daily PnL
+$5.77
+0.0577%
★Best Day
+$8.80
Oct 15
◎Open Interest
Pacifica$5.73M
Backpack$11.75M⚡Funding APR
+21.06%
annualized · funding only
⚠Execution Cost
−$20.21
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Pacifica$6.54MBackpack$4.29MLoading 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 (−$20.21 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.