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updated 8:00:17 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~8.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.57%
3d Period Avg+21.19%
LONG Extended · now
+4.38%
3d avg:+8.58%
SHORT Backpack · nowSTRK_USDC_PERP
+10.96%
3d avg:+29.77%
Entry Spread Now
+0.311%
In your favorL 0.02300 · S 0.02307+$31.14 if it converges
24h range +0.10%…+0.38% · median +0.27%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.025%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$2.87
+0.03%
$Avg Daily PnL
+$4.47
+0.0447%
★Best Day
+$11.17
Aug 15
◎Open Interest
Extended$90.3K
Backpack$103.7K⚡Funding APR
+16.31%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
3.4d
to break even
◧24h Volume
Extended$1.00MBackpack$27.8KLoading 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 (−$15.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.