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updated 9:28:51 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+51.53%
1d Period Avg+20.31%
LONG Pacifica · now
−38.97%
1d avg:−1.48%
SHORT Backpack · nowNEAR_USDC_PERP
+12.55%
1d avg:+18.83%
Entry Spread Now
+0.080%
In your favorL ask 1.6332 · S bid 1.6345+$7.96 at entry
24h range −0.03%…+0.15% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$46.91
−0.47%
$Avg Daily PnL
+$2.71
+0.0271%
★Best Day
+$4.91
Aug 17
◎Open Interest
Pacifica$345.0K
Backpack$323.7K⚡Funding APR
+9.88%
annualized · funding only
⚠Execution Cost
−$52.32
entry + exit fees
⏱Payback
19.3d
to break even
◧24h Volume
Pacifica$46.2KBackpack$204.7KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$52.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.