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updated 3:11:05 PMFunding Arbitrage Backtester
Size$
R-trip cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+197.08%
1d Period Avg−113.46%
LONG Gate.io · now
−114.62%
1d avg:−15.07%
SHORT Backpack · nowSTABLE_USDC_PERP
+82.46%
1d avg:−128.53%
Entry Spread Now
+0.424%
In your favorL 0.03558 · S 0.03573+$42.44 if it converges
24h range −1.20%…+4.73% · median +0.34%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$50.48
−0.50%
$Avg Daily PnL
−$15.24
−0.1524%
★Best Day
−$10.37
Jul 16
◎Open Interest
⚡Funding APR
−55.62%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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.