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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 ~5.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+19.83%
3d Period Avg+12.92%
swing±41.40%
LONG Backpack · nowJUP_USDC_PERP
−13.26%
3d avg:−12.61%
SHORT Binance Futures · now
+6.57%
3d avg:+0.31%
Entry Spread Now
+0.095%
Eaten by executionL 0.3575 · S 0.3579+$9.48 if it converges
24h range −0.83%…+0.70% · median +0.06%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$14.39
−0.14%
$Avg Daily PnL
+$4.40
+0.0440%
★Best Day
+$13.80
Oct 10
◎Open Interest
Backpack$730.8K
Binance Futures$19.93M⚡Funding APR
+16.07%
annualized · funding only
⚠Execution Cost
−$27.60
entry + exit fees
⏱Payback
6.3d
to break even
◧24h Volume
Backpack$908.2KBinance Futures$25.03MLoading 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 (−$27.60 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.