← Back to Screener
updated 12:01:06 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~15d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.69%
3d Period Avg+13.49%
LONG Backpack · nowOP_USDC_PERP
−50.32%
3d avg:−21.17%
SHORT Bullpen · now
−39.63%
3d avg:−7.68%
Entry Spread Now
−0.094%
Against youL ask 0.08495 · S bid 0.08487−$9.42 at entry
24h range −0.16%…+0.14% · median −0.02%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$32.87
−0.33%
$Avg Daily PnL
+$2.73
+0.0273%
★Best Day
+$5.39
Aug 16
◎Open Interest
Backpack$186.7K
Bullpen$3.24M⚡Funding APR
+9.97%
annualized · funding only
⚠Execution Cost
−$43.80
entry + exit fees
⏱Payback
16.0d
to break even
◧24h Volume
Backpack$39.5KBullpen$300.7KLoading 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 (−$43.80 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.