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updated 7:18:34 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+22.12%
3d Period Avg+30.00%
LONG Paradex · nowJTO-USD-PERP
−16.64%
3d avg:−30.56%
SHORT Hotcoin · now
+5.48%
3d avg:−0.56%
Entry Spread Now
+0.023%
Eaten by executionL 0.5850 · S 0.5851+$2.27 if it converges
24h range −0.45%…+0.42% · median +0.07%
Long pays every8hShort pays every8h
LONGmaker0%/taker0.007%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$11.66
+0.12%
$Avg Daily PnL
+$6.29
+0.0629%
★Best Day
+$10.67
Aug 17
◎Open Interest
Paradex$4.4K
Hotcoin$598.5K⚡Funding APR
+22.95%
annualized · funding only
⚠Execution Cost
−$13.50
entry + exit fees
⏱Payback
2.1d
to break even
◧24h Volume
Paradex$3.2KHotcoin—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 (−$13.50 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.