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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+13.73%
1d Period Avg+5.75%
swing±10.88%
LONG trade[XYZ] · nowxyz:SP500
−2.78%
1d avg:+2.85%
SHORT Pacifica · now
+10.96%
1d avg:+8.60%
Entry Spread Now
−0.075%
Against youL ask 7,685.8 · S bid 7,680−$7.55 at entry
24h range −0.20%…+0.04% · median −0.09%
Long pays every1hShort pays every1h
LONGmaker0.030%/taker0.090%SHORTmaker0.015%/taker0.040%
Loading Funding History…
↗Total PnL
−$39.35
−0.39%
$Avg Daily PnL
+$1.57
+0.0157%
★Best Day
+$1.57
Oct 18
◎Open Interest
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon}
trade[XYZ]$382.49M
Pacifica$202.4K⚡Funding APR
+5.74%
annualized · funding only
⚠Execution Cost
−$40.92
entry + exit fees
⏱Payback
26.0d
to break even
◧24h Volume
trade[XYZ]$147.55MPacifica$23.2KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$40.92 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.