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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
+142.33%
3d Period Avg+81.29%
swing±110.90%
LONG Crypto.com · nowMETUSD-PERP
−131.38%
3d avg:−23.47%
SHORT Backpack · nowMET_USDC_PERP
+10.96%
3d avg:+57.82%
Entry Spread Now
−0.119%
Eaten by executionL 0.3025 · S 0.3021−$11.90 if it converges
24h range −0.86%…+0.77% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$25.91
+0.26%
$Avg Daily PnL
+$22.25
+0.2225%
★Best Day
+$33.79
Sep 29
◎Open Interest
⚡Funding APR
+81.23%
annualized · funding only
⚠Execution Cost
−$40.85
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
Loading 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 (−$40.85 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.