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updated —Funding 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
+135.47%
3d Period Avg+96.45%
swing±41.51%
LONG Backpack · nowTRX_USDC_PERP
−78.66%
3d avg:−43.33%
SHORT Hotcoin · now
+56.81%
3d avg:+53.12%
Entry Spread Now
+0.000%
NeutralL 0.3352 · S 0.3352
24h range −0.13%…+0.14% · median +0.04%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$45.32
+0.45%
$Avg Daily PnL
+$27.16
+0.2716%
★Best Day
+$22.58
Oct 2
◎Open Interest
Backpack$83.0K
Hotcoin$6.67M⚡Funding APR
+99.12%
annualized · funding only
⚠Execution Cost
−$36.15
entry + exit fees
⏱Payback
1.3d
to break even
◧24h Volume
Backpack$50.8KHotcoin$11.56MLoading 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 (−$36.15 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.