Funding Arbitrage Backtester

updated 5:10:59 PM

Size$

R-trip cost

Funding ArbitrageLooking at price convergence? → /price-pair

Net Funding APR · Now

+62.00%

30d Avg—

LONG ApeX

+6.29%

30d: —

SHORT Backpack

+68.28%

30d: —

Long pays every1hShort pays every1h

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

Loading Funding History…

↗Total PnL

+$26.32

+0.26%

$Avg Daily PnL

+$2.60

+0.0260%

∑Funding PnL

+$80.71

before cost

%Win Rate

71.0%

positive days

★Best Day

+$14.86

Apr 19

◎Open Interest

ApeX$171.8K

Backpack$903.5K

⚡APR

+3.10%

annualized

⚠Execution Cost

−$54.39

entry + exit fees

⏱Payback

20.9d

to break even

⤓Max Drawdown

−$68.71

peak → trough

✕Worst Day

−$15.72

Apr 25

◧24h Volume

ApeX$12.36M

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 (−$54.39 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.