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updated 3:11:06 PMFunding Arbitrage Backtester
Size$
R-trip cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+159.79%
1d Period Avg+54.50%
LONG Bybit · now
−44.51%
1d avg:+0.18%
SHORT Backpack · nowMON_USDC_PERP
+115.28%
1d avg:+54.68%
Entry Spread Now
−0.100%
Eaten by executionL 0.02190 · S 0.02188−$10.05 if it converges
24h range −0.35%…+0.50% · median +0.06%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$6.08
−0.06%
$Avg Daily PnL
+$7.46
+0.0746%
★Best Day
+$13.63
Jul 17
◎Open Interest
⚡Funding APR
+27.23%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
2.8d
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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.