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updated 10:32:24 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~9.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+17.09%
3d Period Avg+20.85%
LONG grvt · nowVIRTUAL_USDT_Perp
−6.14%
3d avg:−10.20%
SHORT Backpack · nowVIRTUAL_USDC_PERP
+10.96%
3d avg:+10.65%
Entry Spread Now
−0.018%
Against youL ask 0.5551 · S bid 0.5550−$1.80 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
−$25.31
−0.25%
$Avg Daily PnL
+$4.32
+0.0432%
★Best Day
+$7.54
Aug 15
◎Open Interest
grvt$506.1K
Backpack$250.4K⚡Funding APR
+15.77%
annualized · funding only
⚠Execution Cost
−$42.59
entry + exit fees
⏱Payback
9.9d
to break even
◧24h Volume
grvt$442.5KBackpack$119.3KLoading 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 (−$42.59 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.