← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+21.79%
3d Period Avg+50.45%
swing±46.35%
LONG Backpack · nowTIA_USDC_PERP
−21.79%
3d avg:+6.76%
SHORT dYdX · now
+0.00%
3d avg:+57.21%
Entry Spread Now
+0.057%
Eaten by executionL 0.4622 · S 0.4625+$5.66 if it converges
24h range −1.09%…+2.12% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
+$21.44
+0.21%
$Avg Daily PnL
+$10.36
+0.1036%
★Best Day
+$21.38
Sep 21
◎Open Interest
Backpack$102.3K
dYdX$55.0K⚡Funding APR
+37.82%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.9d
to break even
◧24h Volume
Backpack$274.8KdYdX$35.5KLoading 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.