Funding Arbitrage Backtester

updated 5:17:47 PM

Size$

R-trip cost

Funding ArbitrageLooking at price convergence? → /price-pair

Net Funding APR · Now

+49.96%

30d Avg—

LONG NADO

−28.02%

30d: —

SHORT Paradex

+21.93%

30d: —

Long pays every24hShort pays every8h

LONGmaker0.010%/taker0.035%SHORTmaker0.010%/taker0.030%

Limited funding history — chart clipped to available data

NADO (Long): data starts May 11, 2026 (7d available out of 30d requested)

KPIs (Total PnL, APR, Win Rate) calculated only over available data range.

Sparse settlements: long 23%, short 100% of expected. KPIs may be noisy.

Loading Funding History…

↗Total PnL

−$17.96

−0.18%

$Avg Daily PnL

+$0.58

+0.0058%

∑Funding PnL

+$4.66

before cost

%Win Rate

62.5%

positive days

★Best Day

+$7.31

May 18

◎Open Interest

NADO$555.5K

Paradex$3.7K

⚡APR

−8.19%

annualized

⚠Execution Cost

−$22.62

entry + exit fees

⏱Payback

1.3mo

to break even

⤓Max Drawdown

−$12.43

peak → trough

✕Worst Day

−$10.04

May 15

◧24h Volume

NADO$338.2K

Paradex$0

Loading 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 (−$22.62 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.