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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 ~0.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+724.64%
30d Period Avg+9.14%
swing±82.01%
LONG WOOFi Pro · nowPERP_MERL_USDC
+7.32%
30d avg:+5.38%
SHORT Coinbase International · nowMERL-PERP
+731.96%
30d avg:+14.52%
Entry Spread Now
+1.148%
In your favorL 0.03170 · S 0.03206+$114.83 if it converges
24h range −5.95%…+5.79% · median −2.60%
Long pays every4hShort pays every1h
LONGmaker0%/taker0.030%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$55.59
+0.56%
$Avg Daily PnL
+$2.32
+0.0232%
★Best Day
+$21.29
Sep 18
◎Open Interest
WOOFi Pro$5.2K
Coinbase International$3.2K⚡Funding APR
+8.47%
annualized · funding only
⚠Execution Cost
−$14.00
entry + exit fees
⏱Payback
6.0d
to break even
◧24h Volume
WOOFi Pro$1.28MCoinbase International$1.7KLoading 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 (−$14.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.