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updated 12:41:25 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+51.17%
3d Period Avg+33.00%
LONG Backpack · nowSEI_USDC_PERP
−16.86%
3d avg:+0.60%
SHORT Reya · nowSEIRUSDPERP
+34.31%
3d avg:+33.60%
Entry Spread Now
−0.032%
Eaten by executionL 0.03999 · S 0.03998−$3.22 if it converges
24h range −0.21%…+0.12% · median −0.03%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
+$11.11
+0.11%
$Avg Daily PnL
+$6.78
+0.0678%
★Best Day
+$10.58
Aug 17
◎Open Interest
Backpack$94.4K
Reya$171⚡Funding APR
+24.74%
annualized · funding only
⚠Execution Cost
−$16.00
entry + exit fees
⏱Payback
2.4d
to break even
◧24h Volume
Backpack$63.7KReya$0Loading 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 (−$16.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.