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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 ~1.9d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+55.37%
7d Period Avg+26.42%
swing±25.10%
LONG Binance Futures · now
+10.96%
7d avg:+6.85%
SHORT Backpack · nowNEAR_USDC_PERP
+66.33%
7d avg:+33.27%
Entry Spread Now
−0.066%
Against youL ask 5.2910 · S bid 5.2875−$6.62 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
+$21.38
+0.21%
$Avg Daily PnL
+$7.22
+0.0722%
★Best Day
+$17.49
Oct 10
◎Open Interest
Binance Futures$307.50M
Backpack$1.45M⚡Funding APR
+26.34%
annualized · funding only
⚠Execution Cost
−$29.13
entry + exit fees
⏱Payback
4.0d
to break even
◧24h Volume
Binance Futures$673.50MBackpack$2.77MLoading 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 (−$29.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.