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updated 6:17:04 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~27d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
30d Period Avg−18.02%
LONG dYdX · now
+0.00%
30d avg:−0.62%
SHORT Backpack · nowPYTH_USDC_PERP
+10.96%
30d avg:−18.64%
Entry Spread Now
−0.163%
Eaten by executionL 0.03908 · S 0.03902−$16.33 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
−$229.17
−2.29%
$Avg Daily PnL
−$4.74
−0.0474%
★Best Day
+$9.58
Jul 20
◎Open Interest
dYdX$116.0K
Backpack$30.3K⚡Funding APR
−17.32%
annualized · funding only
⚠Execution Cost
−$82.08
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
dYdX$547Backpack$50.2KLoading 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 (−$82.08 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.