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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 ~7.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+23.45%
3d Period Avg+7.73%
swing±13.15%
LONG grvt · nowVIRTUAL_USDT_Perp
−12.49%
3d avg:+5.95%
SHORT Backpack · nowVIRTUAL_USDC_PERP
+10.96%
3d avg:+13.68%
Entry Spread Now
−0.064%
Against youL ask 0.7828 · S bid 0.7823−$6.39 at entry
24h range −0.62%…+0.86% · median +0.05%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$44.88
−0.45%
$Avg Daily PnL
+$2.02
+0.0202%
★Best Day
+$3.35
Oct 2
◎Open Interest
grvt$685.5K
Backpack$238.9K⚡Funding APR
+7.36%
annualized · funding only
⚠Execution Cost
−$50.93
entry + exit fees
⏱Payback
25.3d
to break even
◧24h Volume
grvt$693.1KBackpack$118.3KLoading 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 (−$50.93 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.