← Back to Screener
updated 2:43:26 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~15d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.48%
30d Period Avg−15.46%
LONG Hotcoin · now
+5.48%
30d avg:−0.31%
SHORT Backpack · nowSKR_USDC_PERP
+10.96%
30d avg:−15.77%
Entry Spread Now
+0.672%
In your favorL 0.006993 · S 0.007040+$67.21 if it converges
24h range −0.21%…+0.40% · median +0.06%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$80.32
−0.80%
$Avg Daily PnL
−$1.88
−0.0188%
★Best Day
+$42.32
Jul 19
◎Open Interest
Hotcoin$82.0K
Backpack$87.9K⚡Funding APR
−6.87%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hotcoin—Backpack$11.1KLoading 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.