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updated 7:37:44 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~24d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
3d Period Avg+10.26%
LONG dYdX · now
+0.00%
3d avg:−1.06%
SHORT Backpack · nowPYTH_USDC_PERP
+10.96%
3d avg:+9.20%
Entry Spread Now
−0.376%
Against youL 0.03933 · S 0.03918−$37.57 if it converges
24h range −0.26%…+0.29% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$65.13
−0.65%
$Avg Daily PnL
+$1.89
+0.0189%
★Best Day
+$4.98
Aug 16
◎Open Interest
dYdX$116.7K
Backpack$30.3K⚡Funding APR
+6.90%
annualized · funding only
⚠Execution Cost
−$72.69
entry + exit fees
⏱Payback
1.3mo
to break even
◧24h Volume
dYdX$547Backpack$51.3KLoading 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 (−$72.69 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.