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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+60.21%
3d Period Avg+42.54%
swing±28.75%
LONG Binance Futures · now
+10.96%
3d avg:+3.21%
SHORT Backpack · nowNEAR_USDC_PERP
+71.17%
3d avg:+45.75%
Entry Spread Now
−0.060%
Against youL ask 5.2980 · S bid 5.2948−$6.04 at entry
24h range −0.41%…+0.41% · median −0.01%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$5.71
+0.06%
$Avg Daily PnL
+$10.64
+0.1064%
★Best Day
+$17.49
Oct 10
◎Open Interest
Binance Futures$306.90M
Backpack$1.43M⚡Funding APR
+38.82%
annualized · funding only
⚠Execution Cost
−$26.20
entry + exit fees
⏱Payback
2.5d
to break even
◧24h Volume
Binance Futures$673.22MBackpack$2.61MLoading 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 (−$26.20 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.