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updated —Funding Arbitrage Backtester
Size per leg$
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
+0.00%
7d Period Avg+0.74%
swing±8.04%
LONG Backpack · nowPAXG_USDC_PERP
+10.96%
7d avg:+7.32%
SHORT Binance Futures · now
+10.96%
7d avg:+8.06%
Entry Spread Now
+0.010%
NeutralL 4,183.89 · S 4,184.3
24h range −0.01%…+0.03% · median +0.01%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$19.10
−0.19%
$Avg Daily PnL
+$0.14
+0.0014%
★Best Day
+$2.64
Oct 5
◎Open Interest
Backpack$1.07M
Binance Futures$96.14M⚡Funding APR
+0.53%
annualized · funding only
⚠Execution Cost
−$20.11
entry + exit fees
⏱Payback
4.6mo
to break even
◧24h Volume
Backpack$27.4KBinance Futures$11.11MLoading 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 (−$20.11 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.