Funding Arbitrage Backtester

updated 6:58:39 PM

Size$

R-trip cost

Funding ArbitrageLooking at price convergence? → /price-pair

Net Funding APR · Now

+86.97%

3d Avg—

LONG ApeX

−36.45%

3d: —

SHORT Backpack

+50.52%

3d: —

Long pays every1hShort pays every1h

LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%

Loading Funding History…

↗Total PnL

−$22.17

−0.22%

$Avg Daily PnL

+$5.50

+0.0550%

∑Funding PnL

+$22.02

before cost

%Win Rate

100.0%

positive days

★Best Day

+$11.94

May 18

◎Open Interest

ApeX$157.7K

Backpack$922.1K

⚡APR

−20.23%

annualized

⚠Execution Cost

−$44.19

entry + exit fees

⏱Payback

8.0d

to break even

⤓Max Drawdown

+$0.00

peak → trough

✕Worst Day

+$0.58

May 15

◧24h Volume

ApeX$12.72M

Backpack$2.87M

Loading 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 (−$44.19 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.