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updated 4:33:34 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+52.98%
3d Period Avg+60.51%
LONG Hotcoin · now
+5.48%
3d avg:+5.48%
SHORT Backpack · nowSKR_USDC_PERP
+58.46%
3d avg:+65.99%
Entry Spread Now
−0.028%
Eaten by executionL 0.007094 · S 0.007092−$2.82 if it converges
24h range −0.21%…+0.40% · median +0.04%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$26.78
+0.27%
$Avg Daily PnL
+$12.19
+0.1219%
★Best Day
+$26.66
Aug 15
◎Open Interest
Hotcoin$83.2K
Backpack$88.6K⚡Funding APR
+44.51%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
Hotcoin—Backpack$11.0KLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.