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updated 8:56:44 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.22%
3d Period Avg−0.70%
swing±0.68%
LONG Hyperliquid · now
+10.96%
3d avg:+10.96%
SHORT Paradex · nowBTC-USD-PERP
+10.73%
3d avg:+10.26%
Entry Spread Now
−0.002%
NeutralL ask 76,788 · S bid 76,786.7
24h range −0.04%…+0.08% · median +0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.007%
Loading Funding History…
↗Total PnL
−$18.67
−0.19%
$Avg Daily PnL
−$0.14
−0.0014%
★Best Day
+$0.84
Sep 2
◎Open Interest
Hyperliquid$2.97B
Paradex$4.36M⚡Funding APR
−0.52%
annualized · funding only
⚠Execution Cost
−$18.10
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$2.79BParadex$5.46MLoading 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 (−$18.10 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.