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updated 7:18:28 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~13d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.58%
3d Period Avg+91.67%
LONG TxFlow · now
+4.22%
3d avg:+2.79%
SHORT Backpack · nowWIF_USDC_PERP
+11.80%
3d avg:+94.46%
Entry Spread Now
+0.320%
In your favorL 0.1374 · S 0.1378+$32.02 if it converges
24h range +0.02%…+0.47% · median +0.29%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$47.34
+0.47%
$Avg Daily PnL
+$18.82
+0.1882%
★Best Day
+$31.31
Aug 15
◎Open Interest
TxFlow$5.4K
Backpack$178.0K⚡Funding APR
+68.70%
annualized · funding only
⚠Execution Cost
−$27.95
entry + exit fees
⏱Payback
1.5d
to break even
◧24h Volume
TxFlow$26.6KBackpack$43.5KLoading 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 (−$27.95 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.