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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 ~3.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+14.33%
7d Period Avg+17.92%
swing±11.23%
LONG Hibachi · nowETH/USDT-P
−3.51%
7d avg:−5.51%
SHORT Paradex · nowETH-USD-PERP
+10.82%
7d avg:+12.41%
Entry Spread Now
−0.094%
Against youL ask 2,706.9 · S bid 2,704.36−$9.38 at entry
24h range −0.08%…+0.26% · median +0.02%
Long pays every1hShort pays every8h
LONGmaker0%/taker0.045%SHORTmaker0%/taker0.007%
Loading Funding History…
↗Total PnL
+$19.39
+0.19%
$Avg Daily PnL
+$4.63
+0.0463%
★Best Day
+$5.73
Sep 30
◎Open Interest
Hibachi$269.5K
Paradex$5.12M⚡Funding APR
+16.89%
annualized · funding only
⚠Execution Cost
−$13.01
entry + exit fees
⏱Payback
2.8d
to break even
◧24h Volume
Hibachi$2.28MParadex$7.08MLoading 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 (−$13.01 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.