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updated 6:40:26 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+48.66%
7d Period Avg+174.78%
LONG Backpack · nowSTABLE_USDC_PERP
−153.37%
7d avg:−185.59%
SHORT Variational · now
−104.71%
7d avg:−10.81%
Entry Spread Now
−0.042%
Against youL ask 0.03072 · S bid 0.03071−$4.23 at entry
24h range −0.66%…+0.59% · median +0.06%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$216.02
+2.16%
$Avg Daily PnL
+$39.57
+0.3957%
★Best Day
+$72.04
Aug 15
◎Open Interest
Backpack$36.2K
Variational$333.4K⚡Funding APR
+144.42%
annualized · funding only
⚠Execution Cost
−$100.51
entry + exit fees
⏱Payback
2.5d
to break even
◧24h Volume
Backpack$37.9KVariational$83.4KLoading 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 (−$100.51 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.