β Back to Screener
updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
βSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β3.60%
3d Period Avgβ6.79%
swingΒ±3.92%
LONG Backpack Β· nowHYPE_USDC_PERP
+10.96%
3d avg:+11.11%
SHORT Paradex Β· nowHYPE-USD-PERP
+7.35%
3d avg:+4.32%
Entry Spread Now
β0.274%
Against youL ask 77.3360 Β· S bid 77.1240β$27.41 at entry
24h range β0.30%β¦+0.18% Β· median β0.07%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.007%
Loading Funding Historyβ¦
βTotal PnL
β$19.79
β0.20%
$Avg Daily PnL
β$1.86
β0.0186%
β
Best Day
β$0.75
Oct 19
βOpen Interest
Backpack$11.76M
Paradex$146.8Kβ‘Funding APR
β6.77%
annualized Β· funding only
β Execution Cost
β$14.22
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Backpack$3.43MParadex$11.6KLoading Cumulative PnLβ¦
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 (β$14.22 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.