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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~6.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.45%
3d Period Avg−0.74%
swing±1.03%
LONG Hyperliquid · now
+1.00%
3d avg:+10.38%
SHORT Paradex · nowBTC-USD-PERP
+8.45%
3d avg:+9.64%
Entry Spread Now
−0.025%
Against youL ask 81,290 · S bid 81,269.8−$2.48 at entry
24h range −0.19%…+0.04% · median −0.05%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.007%
Loading Funding History…
↗Total PnL
−$12.04
−0.12%
$Avg Daily PnL
+$0.09
+0.0009%
★Best Day
+$0.27
Oct 15
◎Open Interest
Hyperliquid$3.36B
Paradex$3.11M⚡Funding APR
+0.34%
annualized · funding only
⚠Execution Cost
−$12.32
entry + exit fees
⏱Payback
4.4mo
to break even
◧24h Volume
Hyperliquid$765.63MParadex$1.23MLoading 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 (−$12.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.