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updated 10:30:43 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+38.22%
3d Period Avg+18.33%
swing±12.17%
LONG Variational · now
−2.57%
3d avg:−4.58%
SHORT Backpack · nowTRUMP_USDC_PERP
+35.66%
3d avg:+13.75%
Entry Spread Now
+0.106%
In your favorL 1.9379 · S 1.9400+$10.63 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
+$1.57
+0.02%
$Avg Daily PnL
+$3.68
+0.0368%
★Best Day
+$5.11
Sep 16
◎Open Interest
Variational$1.08M
Backpack$230.9K⚡Funding APR
+13.44%
annualized · funding only
⚠Execution Cost
−$13.15
entry + exit fees
⏱Payback
3.6d
to break even
◧24h Volume
Variational$404.0KBackpack$544.7KLoading 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 (−$13.15 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.