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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 ~0.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+135.82%
7d Period Avg+119.06%
swing±56.82%
LONG Toobit · nowLIT2-SWAP-USDT
+19.13%
7d avg:−84.59%
SHORT Backpack · nowLIT_USDC_PERP
+154.95%
7d avg:+34.47%
Entry Spread Now
+0.161%
In your favorL 3.9038 · S 3.9101+$16.14 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
+$202.70
+2.03%
$Avg Daily PnL
+$32.60
+0.3260%
★Best Day
+$49.28
Sep 25
◎Open Interest
Toobit$4.27M
Backpack$1.12M⚡Funding APR
+118.98%
annualized · funding only
⚠Execution Cost
−$25.49
entry + exit fees
⏱Payback
18.7h
to break even
◧24h Volume
Toobit$12.13MBackpack$760.6KLoading 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 (−$25.49 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.