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updated 3:56:49 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+59.39%
3d Period Avg+14.16%
LONG Backpack · nowMNT_USDC_PERP
−47.99%
3d avg:−2.76%
SHORT Extended · now
+11.40%
3d avg:+11.40%
Entry Spread Now
−0.053%
Eaten by executionL 0.4474 · S 0.4472−$5.27 if it converges
24h range −0.26%…+0.08% · median −0.06%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$3.37
−0.03%
$Avg Daily PnL
+$2.91
+0.0291%
★Best Day
+$4.04
Aug 14
◎Open Interest
Backpack$30.3K
Extended$110.4K⚡Funding APR
+10.61%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
5.2d
to break even
◧24h Volume
Backpack$44.2KExtended$16.2KLoading 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 (−$15.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.