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updated 6:06:02 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Net Funding APR · Now
+50.30%
3d Avg—
LONG Backpack
−35.68%
3d: —
SHORT Reya
+14.62%
3d: —
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
−$5.86
−0.06%
$Avg Daily PnL
+$3.91
+0.0391%
★Best Day
+$7.35
May 18
◎Open Interest
Backpack$206.8K
Reya$4.6K⚡APR
−5.35%
annualized
⚠Execution Cost
−$21.52
entry + exit fees
⏱Payback
5.5d
to break even
◧24h Volume
Backpack$259.1KReya$0Loading 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 (−$21.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.