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updated 10:35:18 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~78d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.09%
3d Period Avg+19.45%
LONG NADO · nowJUP-PERP
+9.87%
3d avg:+8.53%
SHORT Backpack · nowJUP_USDC_PERP
+10.96%
3d avg:+27.98%
Entry Spread Now
+0.072%
Eaten by executionL 0.1676 · S 0.1677+$7.16 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
−$7.43
−0.07%
$Avg Daily PnL
+$3.99
+0.0399%
★Best Day
+$7.18
Aug 15
◎Open Interest
NADO$480.5K
Backpack$669.7K⚡Funding APR
+14.57%
annualized · funding only
⚠Execution Cost
−$23.40
entry + exit fees
⏱Payback
5.9d
to break even
◧24h Volume
NADO$20.6KBackpack$93.8KLoading 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 (−$23.40 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.