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updated 10:34:58 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~6.7d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.02%
3d Period Avg+16.10%
LONG Pacifica · now
+2.38%
3d avg:+2.78%
SHORT Backpack · nowNEAR_USDC_PERP
+33.39%
3d avg:+18.88%
Entry Spread Now
+0.061%
In your favorL ask 1.6333 · S bid 1.6343+$6.12 at entry
24h range −0.03%…+0.18% · median +0.03%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$42.99
−0.43%
$Avg Daily PnL
+$3.39
+0.0339%
★Best Day
+$5.52
Aug 17
◎Open Interest
Pacifica$348.3K
Backpack$321.5K⚡Funding APR
+12.37%
annualized · funding only
⚠Execution Cost
−$56.55
entry + exit fees
⏱Payback
16.7d
to break even
◧24h Volume
Pacifica$106.1KBackpack$204.5KLoading 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 (−$56.55 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.