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updated —MON Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+140.62%
30d Period Avg+44.24%
swing±52.24%
LONG Backpack · nowMON_USDC_PERP
−96.79%
30d avg:−32.32%
SHORT BloFin · now
+43.83%
30d avg:+11.92%
Entry Spread Now
−0.319%
Against youL 0.01600 · S 0.01595−$31.87 if it converges
24h range −1.15%…+1.03% · median −0.09%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$322.38
+3.22%
$Avg Daily PnL
+$11.77
+0.1177%
★Best Day
+$24.91
Oct 22
◎Open Interest
Backpack$188.0K
BloFin$918.4K⚡Funding APR
+42.96%
annualized · funding only
⚠Execution Cost
−$30.68
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Backpack$51.3KBloFin$101.5KLoading 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 (−$30.68 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.