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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 ~2.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+22.94%
7d Period Avg+28.39%
swing±16.98%
LONG Paradex · nowBTC-USD-PERP
+2.48%
7d avg:+6.21%
SHORT Hibachi · nowBTC/USDT-P
+25.42%
7d avg:+34.60%
Entry Spread Now
+0.036%
In your favorL ask 67,265.6 · S bid 67,289.6+$3.57 at entry
24h range −0.10%…+0.29% · median +0.13%
Long pays every8hShort pays every1h
LONGmaker0%/taker0.007%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
+$39.97
+0.40%
$Avg Daily PnL
+$7.66
+0.0766%
★Best Day
+$11.14
Nov 9
◎Open Interest
Paradex$8.25M
Hibachi$561.8K⚡Funding APR
+27.97%
annualized · funding only
⚠Execution Cost
−$13.67
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
Paradex$2.25MHibachi$2.98MLoading 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 (−$13.67 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.