perpdexlist Alternative: Funding Arbitrage With Backtests

perpdexlist is a strong perp data reference: funding actually paid per market, entry cost from the order book, 47 exchanges and pages in four languages. ORBIT covers much of the same ground and adds the trade-planning layer: how much money a setup absorbs, whether a spread has held over time, and a pair backtest after real costs.

The two tools overlap more than most comparisons in this series, so this article spends real time on what perpdexlist does better. Facts about perpdexlist were checked on 27 October 2026.

What perpdexlist is

A perp data reference with about 9,000 indexed pages in English, Chinese, Japanese and Korean, readable by AI agents (Markdown, llms.txt).

It describes itself as perp data from 47 venues in one place, readable by people and machines, free and without an account. At the time of our check it covered 2,206 assets, with 64 markets for BTC alone. Data comes from the exchanges' own APIs. The main sections we looked at:

• Arbitrage scanner with two modes, funding arbitrage and price arbitrage. Filters work per leg: volume and open interest of each leg, entry spread from the book, funding per payment and in APR, and funding realized over 24h, 7d and 30d from payment history. Inputs accept K/M/B suffixes, columns are configurable, and a pair opens in a chart view (the "grapher").
• Execution cost for market entry at $10k, $100k and $1M: slippage plus fee in basis points, live or as a median of hourly measurements over 1, 7 or 30 days.
• Asset pages listing every market of a coin with price, volume, open interest, rate, interval, APR and Paid 24h / 7d / 30d — what each venue actually paid. A funding subpage shows settled funding by venue over 30 days: number of payments, total, average APR, the largest and smallest payment and the time of the last one.
• Exchange ranking of the 47 venues by volume and open interest with a 30-day trend, and a page per venue with all its markets.
• A separate RWA section — stocks, indices, commodities, FX and pre-IPO markets as their own class.
• Oil arbitrage mode: for pairs with an oil benchmark, one button picks WTI and Brent legs across venues and pulls daily history from Yahoo Finance.
• An optional Telegram login that syncs saved pairs between devices.

Where perpdexlist is better than ORBIT

Several of these are things we would like to have ourselves. If one of them is central to how you work, perpdexlist may simply be the better fit.

• Paid funding right in the main table. Paid 24h, 7d and 30d sit next to the current rate for every venue on an asset page, and you can filter the arbitrage scanner by realized funding. ORBIT has 7, 30 and 90-day paid averages in the screener and a separate payments page per coin, but not this exact layout.
• Entry cost as a column everywhere. An "Exec $100k · 24h med" column appears inside asset tables, so cost is visible without opening another page. On ORBIT, entry cost lives on the dedicated Execution Cost page.
• Four languages, including Korean and Japanese. Every page exists in English, Chinese, Japanese and Korean — about 9,000 indexed pages in total. ORBIT runs in English, Russian and Chinese.
• Built for AI agents. Pages render without JavaScript, a Markdown version is served on request, and an llms.txt file tells assistants when to use the site.
• Visible honesty labels. The scanner marks "Large spread — possibly different assets sharing a ticker" and "Legs settle on different clocks". ORBIT filters similar cases, but often quietly rather than with a label on the row.
• Oil arbitrage mode. A WTI-versus-Brent scenario with Yahoo Finance history is something ORBIT does not offer.
• Saved pairs across devices via Telegram login. On ORBIT, favorites stay in your browser.

Where ORBIT is different

Both tools answer "where is funding wide, and what does entry cost?". ORBIT goes further into "should I take this trade at my size?". It is free, without registration, and tracks 56 exchanges across CEX and DEX.

A pair backtest after real costs

The ORBIT backtester replays a long-on-one-venue, short-on-another position over a period you choose, with funding from actual payments where venues publish them and fees plus slippage from the order book. You get PnL, win rate, payback time and a live entry and exit spread for your size. In our check, perpdexlist offered a pair chart (the grapher), but we did not find a backtest with costs subtracted.

Capacity: how much money fits

Entry cost at $100k tells you the price of one ticket. Size & Depth answers the next question: how much can this particular setup absorb before slippage eats the spread, and what is that worth in dollars per year at your size. We did not find a capacity view on perpdexlist in our check.

Does the spread hold?

A wide spread that appears for an hour a week is a different trade from one that has been there most of the month. Exchange-pair pages in Compare show how stable a setup has been over time, and the price-arbitrage matrix marks spreads that look like noise. We did not find a stability score on perpdexlist.

Points and airdrops

On perp DEXs, a points program can be worth more than the funding itself. ORBIT has a points calculator with FDV scenarios and an airdrop calendar. We did not find a points or airdrop section on perpdexlist during our check.

Russian-language coverage

If you or your team read Russian, ORBIT has a Russian version of the screener and key tools, plus guides in Russian. perpdexlist covers Korean and Japanese instead — the two tools serve different language audiences.

Feature comparison

How to read this table: "Not found in our check" means we did not see the feature on perpdexlist pages we opened on 27 October 2026. It is not a claim that perpdexlist does not have it. "Yes" for perpdexlist is set only where we saw the feature ourselves.

Notice how many rows are "Yes" on both sides: paid funding, instant APR and entry cost are all there on perpdexlist. The differences are in capacity, stability and backtesting. The same table is on the ORBIT vs perpdexlist page.

Venues tracked on ORBIT right now

Live from our database: the largest venues we track by open interest, centralized and decentralized together.

When to choose perpdexlist, when to choose ORBIT

Choose perpdexlist if you want to:

• See paid funding for 24h, 7d and 30d next to the live rate in one table.
• Have entry cost as a column inside asset tables.
• Work in Korean or Japanese.
• Feed perp data to an AI agent through Markdown pages and llms.txt.
• Run a WTI-versus-Brent oil spread.
• Keep saved pairs in sync between devices.

Choose ORBIT if you want to:

• Backtest a specific pair with fees and slippage from the order book.
• Know how much money a setup absorbs before the edge is gone.
• Check whether a spread has held over time, not only whether it is wide now.
• Factor points programs and upcoming airdrops into venue choice.
• Work in Russian.

The two can work together: scan with whichever table you prefer, then size and backtest the trade on ORBIT before you commit.

Checking a setup on ORBIT, step by step

1. Find candidates in the funding screener. Limit it to exchanges where you have accounts and pick a period.
2. Prefer pairs where the 7-day and 30-day paid averages agree with the current rate.
3. Open the pair in the backtester with your real position size and check PnL after costs.
4. Open Size & Depth to see whether your size fits.
5. Compare legs on Execution Cost — sometimes a cheaper leg is worth a lower rate.
6. Check the exchange-pair page in Compare for stability.
7. If the venues run points programs, check the points calculator and the airdrop calendar.