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updated 11:33:05 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+78.47%
1d Period Avg+49.83%
swing±21.70%
LONG Backpack · nowPUMP_USDC_PERP
−38.06%
1d avg:−11.10%
SHORT RiseX · nowPUMP-PERP
+40.40%
1d avg:+38.73%
Entry Spread Now
+0.051%
In your favorL ask 0.004279 · S bid 0.004281+$5.14 at entry
24h range −0.68%…+1.67% · median +0.08%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
−$19.41
−0.19%
$Avg Daily PnL
+$13.64
+0.1364%
★Best Day
+$13.64
Sep 18
◎Open Interest
Backpack$751.1K
RiseX$558.9K⚡Funding APR
+49.80%
annualized · funding only
⚠Execution Cost
−$33.05
entry + exit fees
⏱Payback
2.4d
to break even
◧24h Volume
Backpack$630.5KRiseX$877.9KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$33.05 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.