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updated 4:32:06 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Net Funding APR · Now
+45.75%
30d Avg—
LONG Paradex
−34.80%
30d: —
SHORT Hyperliquid
+10.96%
30d: —
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.030%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$174.16
+1.74%
$Avg Daily PnL
+$6.31
+0.0631%
★Best Day
+$19.60
May 16
◎Open Interest
Paradex$20.4K
Hyperliquid$2.77M⚡APR
+21.19%
annualized
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
2.4d
to break even
◧24h Volume
Paradex$5.1KHyperliquid$950.4KLoading 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 (−$15.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.