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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 ~1.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+52.73%
3d Period Avg+16.84%
swing±7.67%
LONG Backpack · nowXLM_USDC_PERP
−28.63%
3d avg:+7.27%
SHORT BloFin · now
+24.11%
3d avg:+24.11%
Entry Spread Now
+0.030%
Eaten by executionL 0.2007 · S 0.2007+$2.99 if it converges
24h range −0.53%…+0.47% · median +0.03%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$10.58
−0.11%
$Avg Daily PnL
+$2.86
+0.0286%
★Best Day
+$4.50
Sep 23
◎Open Interest
Backpack$55.4K
BloFin$2.21M⚡Funding APR
+10.42%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
7.7d
to break even
◧24h Volume
Backpack$384.8KBloFin$5.21MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.