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updated 2:12:46 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
+58.25%
30d Period Avg−3.71%
LONG Backpack · nowMNT_USDC_PERP
−46.85%
30d avg:+15.11%
SHORT Extended · now
+11.40%
30d avg:+11.40%
Entry Spread Now
−0.054%
Eaten by executionL 0.4474 · S 0.4472−$5.39 if it converges
24h range −0.26%…+0.08% · median −0.07%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$45.47
−0.45%
$Avg Daily PnL
−$0.98
−0.0098%
★Best Day
+$26.08
Jul 21
◎Open Interest
Backpack$27.1K
Extended$110.4K⚡Funding APR
−3.59%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Backpack$36.6KExtended$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.