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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 ~1.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+76.89%
30d Period Avg+12.25%
swing±37.76%
LONG Backpack · nowPAXG_USDC_PERP
−38.32%
30d avg:+0.16%
SHORT Hibachi · nowPAXG/USDT-P
+38.57%
30d avg:+12.41%
Entry Spread Now
+0.150%
In your favorL 4,179.47 · S 4,185.72+$14.95 if it converges
24h range +0.06%…+0.31% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
+$79.63
+0.80%
$Avg Daily PnL
+$3.34
+0.0334%
★Best Day
+$20.59
Oct 1
◎Open Interest
Backpack$1.42M
Hibachi$50.6K⚡Funding APR
+12.18%
annualized · funding only
⚠Execution Cost
−$20.47
entry + exit fees
⏱Payback
6.1d
to break even
◧24h Volume
Backpack$645.7KHibachi$104.3KLoading 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 (−$20.47 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.