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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 ~1.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+110.82%
7d Period Avg+54.57%
swing±42.68%
LONG TxFlow · now
+10.96%
7d avg:−26.08%
SHORT Backpack · nowLIT_USDC_PERP
+121.78%
7d avg:+28.49%
Entry Spread Now
+0.122%
In your favorL ask 3.8629 · S bid 3.8676+$12.17 at entry
24h range −1.26%…+1.65% · median +0.19%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$67.75
+0.68%
$Avg Daily PnL
+$14.94
+0.1494%
★Best Day
+$29.34
Sep 30
◎Open Interest
TxFlow$263.2K
Backpack$933.2K⚡Funding APR
+54.54%
annualized · funding only
⚠Execution Cost
−$36.85
entry + exit fees
⏱Payback
2.5d
to break even
◧24h Volume
TxFlow$3.26MBackpack$2.10MLoading 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 (−$36.85 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.