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updated 2:42:50 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+56.62%
30d Period Avg+41.20%
LONG Backpack · nowKMNO_USDC_PERP
−39.36%
30d avg:−49.41%
SHORT Toobit · nowKMNO-SWAP-USDT
+17.26%
30d avg:−8.21%
Entry Spread Now
−0.353%
Against youL 0.01782 · S 0.01776−$35.35 if it converges
24h range −0.19%…+0.04% · median −0.04%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$301.18
+3.01%
$Avg Daily PnL
+$10.43
+0.1043%
★Best Day
+$41.35
Jul 25
◎Open Interest
Backpack$19.3K
Toobit$49.0K⚡Funding APR
+38.05%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
2.1d
to break even
◧24h Volume
Backpack$60.5KToobit$112.7KLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.