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updated 4:27:46 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+135.51%
3d Period Avg+25.29%
LONG N1 · now
+24.54%
3d avg:+6.71%
SHORT Backpack · nowPENGU_USDC_PERP
+160.06%
3d avg:+32.00%
Entry Spread Now
+0.109%
In your favorL 0.009161 · S 0.009171+$10.92 if it converges
24h range −0.43%…+1.13% · median +0.07%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$0.65
+0.01%
$Avg Daily PnL
+$5.16
+0.0516%
★Best Day
+$8.75
Aug 19
◎Open Interest
N1$215
Backpack$197.0K⚡Funding APR
+18.84%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
3.9d
to break even
◧24h Volume
N1$1.1KBackpack$614.3KLoading 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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.