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updated 4:32:13 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Net Funding APR · Now
+75.28%
30d Avg—
LONG Orderly
−23.17%
30d: —
SHORT Backpack
+52.11%
30d: —
Long pays every8hShort pays every1h
LONGmaker0%/taker0.030%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$143.89
+1.44%
$Avg Daily PnL
+$5.66
+0.0566%
★Best Day
+$16.30
May 12
◎Open Interest
Orderly$132.4K
Backpack$898.1K⚡APR
+17.51%
annualized
⚠Execution Cost
−$25.87
entry + exit fees
⏱Payback
4.6d
to break even
◧24h Volume
Orderly$336.3KBackpack$2.89MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$25.87 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.