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updated 12:55:05 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.16%
3d Period Avg+23.69%
swing±26.66%
LONG Backpack · nowPUMP_USDC_PERP
−16.31%
3d avg:−1.42%
SHORT RiseX · nowPUMP-PERP
+14.85%
3d avg:+22.27%
Entry Spread Now
+0.007%
In your favorL ask 0.004230 · S bid 0.004230+$0.71 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
−$15.97
−0.16%
$Avg Daily PnL
+$4.86
+0.0486%
★Best Day
+$13.64
Sep 18
◎Open Interest
Backpack$741.5K
RiseX$552.3K⚡Funding APR
+17.75%
annualized · funding only
⚠Execution Cost
−$35.42
entry + exit fees
⏱Payback
7.3d
to break even
◧24h Volume
Backpack$633.1KRiseX$863.7KLoading 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 (−$35.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.