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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 ~1.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+128.29%
7d Period Avg+12.27%
swing±20.40%
LONG Binance Futures · now
−6.92%
7d avg:+5.46%
SHORT Backpack · nowSTRK_USDC_PERP
+121.37%
7d avg:+17.73%
Entry Spread Now
+0.038%
Eaten by executionL 0.1037 · S 0.1037+$3.83 if it converges
24h range −3.71%…+6.95% · median +0.01%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$30.67
−0.31%
$Avg Daily PnL
+$3.40
+0.0340%
★Best Day
+$10.70
Oct 10
◎Open Interest
Binance Futures$45.56M
Backpack$489.0K⚡Funding APR
+12.40%
annualized · funding only
⚠Execution Cost
−$54.44
entry + exit fees
⏱Payback
16.0d
to break even
◧24h Volume
Binance Futures$693.24MBackpack$1.40MLoading 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 (−$54.44 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.