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updated 5:02:50 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+64.67%
30d Period Avg+30.83%
LONG Reya · nowPENGURUSDPERP
−37.78%
30d avg:−27.83%
SHORT Backpack · nowPENGU_USDC_PERP
+26.89%
30d avg:+3.00%
Entry Spread Now
+0.187%
In your favorL 0.005966 · S 0.005977+$18.68 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
+$236.87
+2.37%
$Avg Daily PnL
+$8.16
+0.0816%
★Best Day
+$31.46
Aug 16
◎Open Interest
Reya$3.4K
Backpack$137.5K⚡Funding APR
+29.77%
annualized · funding only
⚠Execution Cost
−$16.00
entry + exit fees
⏱Payback
2.0d
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.