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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 ~2.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+53.31%
3d Period Avg+20.29%
swing±25.80%
LONG Bybit · now
−4.82%
3d avg:+6.70%
SHORT Backpack · nowUNI_USDC_PERP
+48.49%
3d avg:+26.99%
Entry Spread Now
+0.162%
In your favorL ask 9.2640 · S bid 9.2790+$16.19 at entry
24h range −0.69%…+1.76% · median +0.15%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$15.41
−0.15%
$Avg Daily PnL
+$4.28
+0.0428%
★Best Day
+$7.76
Sep 23
◎Open Interest
Bybit$106.22M
Backpack$1.62M⚡Funding APR
+15.61%
annualized · funding only
⚠Execution Cost
−$32.52
entry + exit fees
⏱Payback
7.6d
to break even
◧24h Volume
Bybit$165.88MBackpack$2.87MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$32.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.