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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−1.32%
3d Period Avg+0.49%
swing±5.78%
LONG Paradex · nowETH-USD-PERP
+9.89%
3d avg:+7.35%
SHORT Variational · now
+8.57%
3d avg:+7.84%
Entry Spread Now
−0.115%
Against youL ask 2,457.69 · S bid 2,454.87−$11.47 at entry
24h range −0.43%…+0.30% · median −0.04%
Long pays every8hShort pays every8h
LONGmaker0%/taker0.007%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$4.01
−0.04%
$Avg Daily PnL
+$0.06
+0.0006%
★Best Day
+$0.27
Oct 14
◎Open Interest
Paradex$1.65M
Variational$148.39M⚡Funding APR
+0.21%
annualized · funding only
⚠Execution Cost
−$4.19
entry + exit fees
⏱Payback
2.4mo
to break even
◧24h Volume
Paradex$4.00MVariational$352.73MLoading 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 (−$4.19 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.