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updated 9:29:28 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+44.75%
1d Period Avg+17.09%
LONG NADO · nowJUP-PERP
+9.97%
1d avg:+5.23%
SHORT Backpack · nowJUP_USDC_PERP
+54.72%
1d avg:+22.32%
Entry Spread Now
+0.083%
Eaten by executionL 0.1679 · S 0.1681+$8.34 if it converges
24h range −0.01%…+0.32% · median +0.08%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.035%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$18.84
−0.19%
$Avg Daily PnL
+$2.34
+0.0234%
★Best Day
+$4.56
Aug 17
◎Open Interest
NADO$482.6K
Backpack$671.2K⚡Funding APR
+8.54%
annualized · funding only
⚠Execution Cost
−$23.52
entry + exit fees
⏱Payback
10.1d
to break even
◧24h Volume
NADO$19.5KBackpack$102.9KLoading 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 (−$23.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.