← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~31d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.63%
3d Period Avg−0.41%
swing±15.36%
LONG Backpack · nowZRO_USDC_PERP
+10.96%
3d avg:+9.20%
SHORT BloFin · now
+13.59%
3d avg:+8.79%
Entry Spread Now
+0.039%
Eaten by executionL 1.5511 · S 1.5517+$3.87 if it converges
24h range −1.02%…+1.29% · median −0.05%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$19.27
−0.19%
$Avg Daily PnL
+$0.68
+0.0068%
★Best Day
+$1.41
Sep 23
◎Open Interest
Backpack$124.2K
BloFin$1.61M⚡Funding APR
+2.49%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
1.1mo
to break even
◧24h Volume
Backpack$748.0KBloFin$561.3KLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.