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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
+0.00%
7d Period Avg+3.94%
swing±6.90%
LONG Binance Futures · now
+10.96%
7d avg:+6.51%
SHORT Backpack · nowHYPE_USDC_PERP
+10.96%
7d avg:+10.45%
Entry Spread Now
−0.008%
Against youL ask 85.5090 · S bid 85.5020−$0.82 at entry
24h range −0.16%…+0.35% · median +0.00%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$12.59
−0.13%
$Avg Daily PnL
+$1.09
+0.0109%
★Best Day
+$3.72
Oct 9
◎Open Interest
⚡Funding APR
+3.99%
annualized · funding only
⚠Execution Cost
−$20.24
entry + exit fees
⏱Payback
18.5d
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 (−$20.24 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.