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updated 12:11:39 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~39d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+75.73%
3d Period Avg+7.03%
swing±51.73%
LONG Backpack · nowPUMP_USDC_PERP
−55.56%
3d avg:−1.15%
SHORT N1 · now
+20.16%
3d avg:+5.88%
Entry Spread Now
−0.019%
Against youL ask 0.004229 · S bid 0.004228−$1.89 at entry
24h range −0.11%…+1.57% · median +0.13%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$805.48
−8.05%
$Avg Daily PnL
+$1.39
+0.0139%
★Best Day
+$18.41
Sep 18
◎Open Interest
Backpack$738.3K
N1$7.6K⚡Funding APR
+5.07%
annualized · funding only
⚠Execution Cost
−$811.03
entry + exit fees
⏱Payback
19.5mo
to break even
◧24h Volume
Backpack$632.5KN1$7.8KLoading 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 (−$811.03 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.