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updated 4:54:19 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
+64.09%
3d Period Avg+25.87%
LONG Bybit · now
+10.96%
3d avg:+2.87%
SHORT Backpack · nowMON_USDC_PERP
+75.04%
3d avg:+28.74%
Entry Spread Now
−0.289%
Against youL 0.02211 · S 0.02204−$28.95 if it converges
24h range −0.35%…+0.50% · median +0.05%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$2.23
+0.02%
$Avg Daily PnL
+$5.81
+0.0581%
★Best Day
+$17.80
Jul 17
◎Open Interest
⚡Funding APR
+21.20%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
3.6d
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.