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updated 11:52:53 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+15.34%
3d Period Avg+21.04%
LONG grvt · nowVIRTUAL_USDT_Perp
−4.38%
3d avg:−10.39%
SHORT Backpack · nowVIRTUAL_USDC_PERP
+10.96%
3d avg:+10.65%
Entry Spread Now
+0.018%
In your favorL ask 0.5602 · S bid 0.5603+$1.79 at entry
24h range −0.21%…+0.18% · median +0.02%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$27.13
−0.27%
$Avg Daily PnL
+$4.32
+0.0432%
★Best Day
+$7.54
Aug 15
◎Open Interest
grvt$506.4K
Backpack$252.9K⚡Funding APR
+15.77%
annualized · funding only
⚠Execution Cost
−$44.41
entry + exit fees
⏱Payback
10.3d
to break even
◧24h Volume
grvt$443.5KBackpack$117.8KLoading 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 (−$44.41 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.