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updated 9:11:05 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+63.41%
1d Period Avg+24.54%
swing±9.86%
LONG Variational · now
−16.94%
1d avg:−9.66%
SHORT Backpack · nowTRUMP_USDC_PERP
+46.48%
1d avg:+14.88%
Entry Spread Now
+0.283%
In your favorL 1.9523 · S 1.9578+$28.27 if it converges
24h range −0.78%…+0.97% · median +0.14%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$10.07
−0.10%
$Avg Daily PnL
+$3.40
+0.0340%
★Best Day
+$3.77
Sep 17
◎Open Interest
Variational$1.06M
Backpack$232.4K⚡Funding APR
+12.40%
annualized · funding only
⚠Execution Cost
−$16.86
entry + exit fees
⏱Payback
5.0d
to break even
◧24h Volume
Variational$375.8KBackpack$553.4KLoading 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 (−$16.86 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.