← Back to Screener
updated 6:12:16 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+48.54%
3d Period Avg+81.53%
LONG Reya · nowPENGURUSDPERP
−37.58%
3d avg:−40.86%
SHORT Backpack · nowPENGU_USDC_PERP
+10.96%
3d avg:+40.67%
Entry Spread Now
+0.330%
In your favorL 0.005935 · S 0.005955+$32.98 if it converges
24h range +0.03%…+0.74% · median +0.19%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.030%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$50.96
+0.51%
$Avg Daily PnL
+$16.74
+0.1674%
★Best Day
+$31.46
Aug 16
◎Open Interest
Reya$3.4K
Backpack$137.0K⚡Funding APR
+61.10%
annualized · funding only
⚠Execution Cost
−$16.00
entry + exit fees
⏱Payback
23.0h
to break even
◧24h Volume
Reya$403Backpack$46.3KLoading 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 (−$16.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.