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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 ~3.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+25.61%
30d Period Avg+15.55%
swing±11.70%
LONG Backpack · nowXLM_USDC_PERP
−1.50%
30d avg:+5.11%
SHORT BloFin · now
+24.11%
30d avg:+20.66%
Entry Spread Now
+0.010%
NeutralL 0.2020 · S 0.2021
24h range −0.53%…+0.47% · median +0.04%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$96.55
+0.97%
$Avg Daily PnL
+$3.95
+0.0395%
★Best Day
+$14.03
Aug 26
◎Open Interest
Backpack$49.9K
BloFin$2.24M⚡Funding APR
+14.42%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
5.6d
to break even
◧24h Volume
Backpack$381.3KBloFin$5.53MLoading 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.