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updated 11:36:30 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+77.39%
30d Period Avg+39.22%
LONG Backpack · nowSEI_USDC_PERP
−43.09%
30d avg:−12.49%
SHORT Reya · nowSEIRUSDPERP
+34.29%
30d avg:+26.73%
Entry Spread Now
−0.032%
Eaten by executionL 0.03980 · S 0.03979−$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
+$305.99
+3.06%
$Avg Daily PnL
+$10.39
+0.1039%
★Best Day
+$28.08
Aug 7
◎Open Interest
Backpack$93.2K
Reya$170⚡Funding APR
+37.91%
annualized · funding only
⚠Execution Cost
−$16.00
entry + exit fees
⏱Payback
1.5d
to break even
◧24h Volume
Backpack$63.0KReya$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.