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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
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β28.52%
7d Period Avgβ13.59%
swingΒ±10.87%
LONG Backpack Β· nowHYPE_USDC_PERP
+35.42%
7d avg:+17.42%
SHORT Paradex Β· nowHYPE-USD-PERP
+6.90%
7d avg:+3.83%
Entry Spread Now
β0.131%
Against youL 78.2710 Β· S 78.1688β$13.06 if it converges
24h range β0.46%β¦+0.31% Β· median β0.08%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.007%
Loading Funding Historyβ¦
βTotal PnL
β$39.80
β0.40%
$Avg Daily PnL
β$4.02
β0.0402%
β
Best Day
β$0.85
Oct 9
βOpen Interest
Backpack$10.70M
Paradex$179.3Kβ‘Funding APR
β14.69%
annualized Β· funding only
β Execution Cost
β$11.63
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Backpack$5.16MParadex$93.0KLoading Cumulative PnLβ¦
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 (β$11.63 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.