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updated 6:12:06 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~29d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.60%
3d Period Avg+18.56%
LONG Backpack · nowTRUMP_USDC_PERP
+8.36%
3d avg:−20.25%
SHORT Bybit · now
+10.96%
3d avg:−1.69%
Entry Spread Now
+0.107%
In your favorL 1.4045 · S 1.4060+$10.68 if it converges
24h range −0.25%…+0.24% · median +0.08%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$9.74
−0.10%
$Avg Daily PnL
+$2.81
+0.0281%
★Best Day
+$8.28
Aug 16
◎Open Interest
Backpack$126.1K
Bybit$15.14M⚡Funding APR
+10.27%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
7.5d
to break even
◧24h Volume
Backpack$184.0KBybit$4.57MLoading 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.