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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 ~4.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+11.76%
3d Period Avg+22.16%
swing±8.79%
LONG Hibachi · nowETH/USDT-P
−0.88%
3d avg:−12.17%
SHORT Paradex · nowETH-USD-PERP
+10.89%
3d avg:+9.99%
Entry Spread Now
−0.122%
Against youL 2,690.47 · S 2,687.18−$12.23 if it converges
24h range −0.08%…+0.26% · median +0.01%
Long pays every1hShort pays every8h
LONGmaker0%/taker0.045%SHORTmaker0%/taker0.007%
Loading Funding History…
↗Total PnL
+$3.52
+0.04%
$Avg Daily PnL
+$5.47
+0.0547%
★Best Day
+$5.73
Sep 30
◎Open Interest
Hibachi$275.4K
Paradex$5.05M⚡Funding APR
+19.96%
annualized · funding only
⚠Execution Cost
−$12.88
entry + exit fees
⏱Payback
2.4d
to break even
◧24h Volume
Hibachi$2.23MParadex$6.31MLoading 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 (−$12.88 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.