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updated 8:00:22 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.34%
3d Period Avg+105.64%
LONG Backpack · nowCC_USDC_PERP
−46.48%
3d avg:−119.25%
SHORT Paradex · nowCC-USD-PERP
−15.14%
3d avg:−13.61%
Entry Spread Now
+0.229%
In your favorL 0.09040 · S 0.09061+$22.92 if it converges
24h range +0.07%…+0.43% · median +0.31%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.007%
Loading Funding History…
↗Total PnL
+$69.13
+0.69%
$Avg Daily PnL
+$20.16
+0.2016%
★Best Day
+$39.32
Aug 15
◎Open Interest
Backpack$117.8K
Paradex$10.0K⚡Funding APR
+73.57%
annualized · funding only
⚠Execution Cost
−$11.50
entry + exit fees
⏱Payback
13.7h
to break even
◧24h Volume
Backpack$16.4KParadex$1.7KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$11.50 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.