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updated —BTC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+25.63%
3d Period Avg+29.39%
swing±15.81%
LONG Paradex · nowBTC-USD-PERP
+5.92%
3d avg:+2.73%
SHORT Hibachi · nowBTC/USDT-P
+31.56%
3d avg:+32.12%
Entry Spread Now
+0.085%
In your favorL ask 67,159.3 · S bid 67,216.6+$8.53 at entry
24h range −0.10%…+0.29% · median +0.12%
Long pays every8hShort pays every1h
LONGmaker0%/taker0.007%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
+$10.27
+0.10%
$Avg Daily PnL
+$8.26
+0.0826%
★Best Day
+$10.65
Nov 12
◎Open Interest
Paradex$8.23M
Hibachi$563.7K⚡Funding APR
+30.16%
annualized · funding only
⚠Execution Cost
−$14.52
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
Paradex$2.18MHibachi$2.94MLoading 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 (−$14.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.