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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 ~7.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
7d Period Avg+2.41%
swing±7.66%
LONG Backpack · nowXRP_USDC_PERP
−11.73%
7d avg:−0.39%
SHORT Binance Futures · now
−0.77%
7d avg:+2.02%
Entry Spread Now
+0.086%
In your favorL ask 1.4026 · S bid 1.4038+$8.56 at entry
24h range −0.01%…+0.19% · median +0.08%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$17.14
−0.17%
$Avg Daily PnL
+$0.61
+0.0061%
★Best Day
+$1.51
Oct 7
◎Open Interest
Backpack$1.15M
Binance Futures$417.70M⚡Funding APR
+2.23%
annualized · funding only
⚠Execution Cost
−$21.42
entry + exit fees
⏱Payback
1.2mo
to break even
◧24h Volume
Backpack$97.9KBinance Futures$307.96MLoading 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 (−$21.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.