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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+128.80%
30d Period Avg−23.07%
swing±46.75%
LONG Backpack · nowPENGU_USDC_PERP
−88.47%
30d avg:+13.24%
SHORT N1 · now
+40.32%
30d avg:−9.83%
Entry Spread Now
+0.216%
In your favorL 0.009723 · S 0.009744+$21.60 if it converges
24h range −0.36%…+1.44% · median +0.24%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$218.58
−2.19%
$Avg Daily PnL
−$6.26
−0.0626%
★Best Day
+$26.93
Sep 23
◎Open Interest
⚡Funding APR
−22.84%
annualized · funding only
⚠Execution Cost
−$30.85
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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 (−$30.85 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.