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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 ~0.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+145.52%
1d Period Avg+111.91%
swing±17.18%
LONG BULK · nowPAXG-USD
−20.89%
1d avg:+5.87%
SHORT Meridian · nowXAUXAUUSD
+124.63%
1d avg:+117.78%
Entry Spread Now
−0.096%
Against youL ask 4,152.9 · S bid 4,148.9−$9.63 at entry
24h range −0.32%…+0.09% · median −0.11%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.035%SHORTmaker0%/taker0.030%
Loading Funding History…
↗Total PnL
+$11.46
+0.11%
$Avg Daily PnL
+$29.24
+0.2924%
★Best Day
+$26.19
Oct 1
◎Open Interest
BULK$799.8K
Meridian$282.8K⚡Funding APR
+106.72%
annualized · funding only
⚠Execution Cost
−$17.78
entry + exit fees
⏱Payback
14.6h
to break even
◧24h Volume
BULK$1.07MMeridian$143.3KLoading 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 (−$17.78 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.