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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
+94.00%
7d Period Avg+20.08%
swing±96.30%
LONG Binance Futures · now
−83.04%
7d avg:−36.71%
SHORT Backpack · nowMET_USDC_PERP
+10.96%
7d avg:−16.63%
Entry Spread Now
+0.394%
In your favorL 0.4210 · S 0.4227+$39.43 if it converges
24h range −0.95%…+1.81% · median +0.19%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$10.13
−0.10%
$Avg Daily PnL
+$3.16
+0.0316%
★Best Day
+$29.05
Oct 9
◎Open Interest
Binance Futures$9.60M
Backpack$512.5K⚡Funding APR
+11.54%
annualized · funding only
⚠Execution Cost
−$32.26
entry + exit fees
⏱Payback
10.2d
to break even
◧24h Volume
Binance Futures$45.97MBackpack$312.4KLoading 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 (−$32.26 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.