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updated 7:18:38 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+53.91%
3d Period Avg+25.74%
LONG Backpack · nowZEC_USDC_PERP
+10.96%
3d avg:+11.00%
SHORT N1 · now
+64.87%
3d avg:+36.74%
Entry Spread Now
+0.268%
In your favorL ask 514.8300 · S bid 516.2100+$26.80 at entry
24h range −0.40%…+0.38% · median +0.19%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$137.80
−1.38%
$Avg Daily PnL
+$5.28
+0.0528%
★Best Day
+$8.73
Aug 17
◎Open Interest
Backpack$1.05M
N1$5.3K⚡Funding APR
+19.29%
annualized · funding only
⚠Execution Cost
−$158.94
entry + exit fees
⏱Payback
1.0mo
to break even
◧24h Volume
Backpack$752.5KN1$6.3KLoading 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 (−$158.94 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.