← Back to Screener
updated 9:29:18 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~12d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.18%
1d Period Avg+40.27%
LONG Backpack · nowTRUMP_USDC_PERP
+4.78%
1d avg:−29.31%
SHORT Bybit · now
+10.96%
1d avg:+10.96%
Entry Spread Now
+0.021%
Eaten by executionL 1.3987 · S 1.3990+$2.14 if it converges
24h range −0.25%…+0.28% · median +0.06%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$10.55
−0.11%
$Avg Daily PnL
+$5.23
+0.0523%
★Best Day
+$10.09
Aug 17
◎Open Interest
Backpack$120.6K
Bybit$15.14M⚡Funding APR
+19.08%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
4.0d
to break even
◧24h Volume
Backpack$222.2KBybit$3.12MLoading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.