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updated 7:18:59 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+119.78%
3d Period Avg+65.20%
LONG Gate.io · now
+10.96%
3d avg:+10.96%
SHORT Backpack · nowSKR_USDC_PERP
+130.74%
3d avg:+76.16%
Entry Spread Now
+0.398%
In your favorL 0.007030 · S 0.007058+$39.83 if it converges
24h range −0.31%…+0.48% · median +0.21%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$30.24
+0.30%
$Avg Daily PnL
+$12.56
+0.1256%
★Best Day
+$25.16
Aug 15
◎Open Interest
Gate.io$186.6K
Backpack$88.1K⚡Funding APR
+45.85%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.6d
to break even
◧24h Volume
Gate.io$17.0KBackpack$8.5KLoading 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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.