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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 ~14d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.14%
3d Period Avg+3.19%
swing±7.07%
LONG Binance Futures · now
+5.81%
3d avg:+6.37%
SHORT Backpack · nowPAXG_USDC_PERP
+10.96%
3d avg:+9.56%
Entry Spread Now
−0.016%
NeutralL 4,188.96 · S 4,188.3
24h range −0.03%…−0.00% · median −0.02%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$17.56
−0.18%
$Avg Daily PnL
+$0.82
+0.0082%
★Best Day
+$1.48
Oct 9
◎Open Interest
⚡Funding APR
+2.99%
annualized · funding only
⚠Execution Cost
−$20.02
entry + exit fees
⏱Payback
24.4d
to break even
◧24h Volume
Loading 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 (−$20.02 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.