← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+14.31%
7d Period Avg+9.16%
swing±13.27%
LONG Pacifica · now
+10.96%
7d avg:+10.96%
SHORT Backpack · nowHYPE_USDC_PERP
+25.27%
7d avg:+20.12%
Entry Spread Now
−0.027%
Against youL ask 81.6850 · S bid 81.6630−$2.69 at entry
24h range −0.29%…+0.11% · median −0.02%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$1.04
−0.01%
$Avg Daily PnL
+$2.51
+0.0251%
★Best Day
+$8.80
Oct 15
◎Open Interest
Pacifica$5.76M
Backpack$11.81M⚡Funding APR
+9.15%
annualized · funding only
⚠Execution Cost
−$18.58
entry + exit fees
⏱Payback
7.4d
to break even
◧24h Volume
Pacifica$6.68MBackpack$5.03MLoading 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 (−$18.58 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.