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updated 6:00:35 AMFunding 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
−0.02%
3d Period Avg+15.68%
swing±18.59%
LONG Backpack · nowHYPE_USDC_PERP
+10.96%
3d avg:−5.72%
SHORT Paradex · nowHYPE-USD-PERP
+10.94%
3d avg:+9.96%
Entry Spread Now
+0.059%
In your favorL 86.5900 · S 86.6411+$5.90 if it converges
24h range −0.01%…+0.23% · median +0.09%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.007%
Loading Funding History…
↗Total PnL
+$1.34
+0.01%
$Avg Daily PnL
+$3.24
+0.0324%
★Best Day
+$9.66
Sep 6
◎Open Interest
Backpack$13.07M
Paradex$291.1K⚡Funding APR
+11.83%
annualized · funding only
⚠Execution Cost
−$11.62
entry + exit fees
⏱Payback
3.6d
to break even
◧24h Volume
Backpack$8.29MParadex$70.8KLoading 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 (−$11.62 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.