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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 ~1.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+73.69%
3d Period Avg+82.06%
swing±35.86%
LONG Reya · nowNEARRUSDPERP
−22.82%
3d avg:−19.73%
SHORT Backpack · nowNEAR_USDC_PERP
+50.87%
3d avg:+62.33%
Entry Spread Now
+0.181%
In your favorL 4.2354 · S 4.2430+$18.06 if it converges
24h range −0.03%…+0.52% · median +0.14%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.030%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$45.58
+0.46%
$Avg Daily PnL
+$16.85
+0.1685%
★Best Day
+$28.22
Sep 21
◎Open Interest
Reya$813
Backpack$1.16M⚡Funding APR
+61.51%
annualized · funding only
⚠Execution Cost
−$21.83
entry + exit fees
⏱Payback
1.3d
to break even
◧24h Volume
Reya$0Backpack$4.39MLoading 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 (−$21.83 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.