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updated 4:34:30 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+16.20%
30d Period Avg+13.02%
swing±25.94%
LONG Backpack · nowHYPE_USDC_PERP
−5.28%
30d avg:−6.08%
SHORT Paradex · nowHYPE-USD-PERP
+10.92%
30d avg:+6.94%
Entry Spread Now
+0.051%
Eaten by executionL 86.1850 · S 86.2292+$5.13 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
+$88.75
+0.89%
$Avg Daily PnL
+$3.24
+0.0324%
★Best Day
+$15.78
Aug 28
◎Open Interest
Backpack$12.91M
Paradex$289.7K⚡Funding APR
+11.82%
annualized · funding only
⚠Execution Cost
−$11.62
entry + exit fees
⏱Payback
3.6d
to break even
◧24h Volume
Backpack$8.21MParadex$74.6KLoading 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.