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updated 9:03:44 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−16.39%
3d Period Avg−18.09%
LONG TxFlow · now
+10.96%
3d avg:+14.84%
SHORT NADO · nowMSTR-PERP
−5.43%
3d avg:−3.25%
Entry Spread Now
+0.081%
In your favorL 97.5400 · S 97.6188+$8.08 if it converges
24h range −0.27%…+0.40% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.035%
Loading Funding History…
↗Total PnL
−$30.86
−0.31%
$Avg Daily PnL
−$3.71
−0.0371%
★Best Day
−$0.44
Aug 14
◎Open Interest
TxFlow$9.6K
NADO$22.2K⚡Funding APR
−13.56%
annualized · funding only
⚠Execution Cost
−$16.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
TxFlow$176.1KNADO$4.9KLoading 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 (−$16.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.