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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 ~7.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.55%
3d Period Avg−0.74%
swing±1.03%
LONG Hyperliquid · now
+3.63%
3d avg:+10.38%
SHORT Paradex · nowBTC-USD-PERP
+9.18%
3d avg:+9.64%
Entry Spread Now
−0.048%
Against youL ask 80,983 · S bid 80,943.8−$4.84 at entry
24h range −0.10%…+0.04% · median −0.05%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.007%
Loading Funding History…
↗Total PnL
−$11.53
−0.12%
$Avg Daily PnL
+$0.04
+0.0004%
★Best Day
+$0.27
Oct 15
◎Open Interest
Hyperliquid$3.35B
Paradex$3.14M⚡Funding APR
+0.16%
annualized · funding only
⚠Execution Cost
−$11.66
entry + exit fees
⏱Payback
9.1mo
to break even
◧24h Volume
Hyperliquid$682.77MParadex$1.11MLoading 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 (−$11.66 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.