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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 ~1.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+93.00%
3d Period Avg+103.33%
swing±67.62%
LONG Toobit · nowLIT2-SWAP-USDT
+10.91%
3d avg:−27.59%
SHORT Backpack · nowLIT_USDC_PERP
+103.90%
3d avg:+75.74%
Entry Spread Now
+0.033%
Eaten by executionL 3.9188 · S 3.9201+$3.32 if it converges
24h range −0.90%…+0.84% · median +0.05%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$58.22
+0.58%
$Avg Daily PnL
+$27.52
+0.2752%
★Best Day
+$38.23
Sep 30
◎Open Interest
Toobit$3.85M
Backpack$1.12M⚡Funding APR
+100.44%
annualized · funding only
⚠Execution Cost
−$24.33
entry + exit fees
⏱Payback
21.1h
to break even
◧24h Volume
Toobit$10.92MBackpack$750.7KLoading 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 (−$24.33 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.