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updated 10:33:03 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−12.27%
3d Period Avg+13.99%
LONG Backpack · nowOP_USDC_PERP
−40.77%
3d avg:−20.57%
SHORT Bullpen · now
−53.04%
3d avg:−6.58%
Entry Spread Now
−0.047%
Against youL ask 0.08479 · S bid 0.08475−$4.72 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
−$30.31
−0.30%
$Avg Daily PnL
+$2.87
+0.0287%
★Best Day
+$5.37
Aug 16
◎Open Interest
Backpack$187.3K
Bullpen$3.14M⚡Funding APR
+10.48%
annualized · funding only
⚠Execution Cost
−$41.80
entry + exit fees
⏱Payback
14.6d
to break even
◧24h Volume
Backpack$44.5KBullpen$228.7KLoading 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 (−$41.80 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.