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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 ~1.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+100.40%
3d Period Avg+112.77%
swing±18.98%
LONG trade[XYZ] · nowxyz:SILVER
+5.48%
3d avg:+6.91%
SHORT Meridian · nowXAGXAGUSD
+105.87%
3d avg:+119.68%
Entry Spread Now
+0.058%
In your favorL ask 60.4340 · S bid 60.4690+$5.79 at entry
24h range −0.29%…+0.06% · median −0.03%
Long pays every1hShort pays every1h
LONGmaker0.030%/taker0.090%SHORTmaker0%/taker0.030%
Loading Funding History…
↗Total PnL
+$63.04
+0.63%
$Avg Daily PnL
+$29.98
+0.2998%
★Best Day
+$31.35
Oct 1
◎Open Interest
![trade[XYZ]](/icons/exchanges/hl-xyz.svg){kind=icon}
trade[XYZ]$71.60M
Meridian$3.6K⚡Funding APR
+109.44%
annualized · funding only
⚠Execution Cost
−$26.91
entry + exit fees
⏱Payback
21.6h
to break even
◧24h Volume
trade[XYZ]$139.38MMeridian$6.9KLoading 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 (−$26.91 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.