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updated 2:58:42 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+97.80%
3d Period Avg+24.52%
LONG N1 · now
+17.53%
3d avg:+5.91%
SHORT Backpack · nowPENGU_USDC_PERP
+115.33%
3d avg:+30.43%
Entry Spread Now
−0.033%
Eaten by executionL 0.009071 · S 0.009068−$3.31 if it converges
24h range −0.43%…+1.13% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$0.02
+0.00%
$Avg Daily PnL
+$5.00
+0.0500%
★Best Day
+$10.00
Aug 19
◎Open Interest
N1$216
Backpack$192.3K⚡Funding APR
+18.26%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
4.0d
to break even
◧24h Volume
N1$979Backpack$586.7KLoading 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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.