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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 ~5.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+13.77%
3d Period Avg+4.74%
swing±7.38%
LONG Backpack · nowXRP_USDC_PERP
−11.18%
3d avg:−6.39%
SHORT Binance Futures · now
+2.60%
3d avg:−1.65%
Entry Spread Now
+0.100%
In your favorL ask 1.3962 · S bid 1.3976+$10.03 at entry
24h range −0.01%…+0.14% · median +0.08%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$18.28
−0.18%
$Avg Daily PnL
+$1.05
+0.0105%
★Best Day
+$1.33
Oct 9
◎Open Interest
Backpack$1.15M
Binance Futures$415.26M⚡Funding APR
+3.84%
annualized · funding only
⚠Execution Cost
−$21.44
entry + exit fees
⏱Payback
20.4d
to break even
◧24h Volume
Backpack$104.1KBinance Futures$309.25MLoading 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 (−$21.44 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.