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updated 11:15:25 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+137.81%
1d Period Avg+19.15%
LONG Backpack · nowTRUMP_USDC_PERP
−133.95%
1d avg:−14.29%
SHORT BloFin · now
+3.85%
1d avg:+4.86%
Entry Spread Now
−0.007%
NeutralL 1.3921 · S 1.3920
24h range −0.29%…+0.12% · median +0.02%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$18.51
−0.19%
$Avg Daily PnL
+$1.75
+0.0175%
★Best Day
+$2.55
Aug 16
◎Open Interest
Backpack$132.3K
BloFin$1.93M⚡Funding APR
+6.37%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
12.6d
to break even
◧24h Volume
Backpack$166.3KBloFin$30.8KLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.