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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 ~1.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+109.20%
3d Period Avg+73.88%
swing±49.89%
LONG TxFlow · now
+10.96%
3d avg:−8.67%
SHORT Backpack · nowLIT_USDC_PERP
+120.15%
3d avg:+65.21%
Entry Spread Now
−0.028%
Against youL ask 4.0003 · S bid 3.9992−$2.75 at entry
24h range −1.26%…+1.65% · median +0.17%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$22.25
+0.22%
$Avg Daily PnL
+$20.23
+0.2023%
★Best Day
+$30.30
Sep 30
◎Open Interest
TxFlow$274.5K
Backpack$971.8K⚡Funding APR
+73.83%
annualized · funding only
⚠Execution Cost
−$38.43
entry + exit fees
⏱Payback
1.9d
to break even
◧24h Volume
TxFlow$3.27MBackpack$2.11MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$38.43 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.