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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+0.00%
7d Period Avg+0.01%
swingΒ±7.55%
LONG Binance Futures Β· now
+10.96%
7d avg:+8.35%
SHORT Backpack Β· nowPAXG_USDC_PERP
+10.96%
7d avg:+8.36%
Entry Spread Now
β0.025%
Eaten by executionL 4,188.17 Β· S 4,187.11β$2.53 if it converges
24h range β0.03%β¦+0.00% Β· median β0.02%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
β$20.43
β0.20%
$Avg Daily PnL
β$0.06
β0.0006%
β
Best Day
+$1.48
Oct 9
βOpen Interest
Binance Futures$96.33M
Backpack$1.08Mβ‘Funding APR
β0.21%
annualized Β· funding only
β Execution Cost
β$20.02
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Binance Futures$14.45MBackpack$21.9KLoading Cumulative PnLβ¦
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 (β$20.02 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.