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updated —PAXG Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~15d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+79.77%
30d Period Avg+11.84%
swing±65.00%
LONG dYdX · now
+0.00%
30d avg:+26.42%
SHORT Hibachi · nowPAXG/USDT-P
+79.77%
30d avg:+38.26%
Entry Spread Now
−0.676%
Against youL ask 3,894 · S bid 3,867.67−$67.62 at entry
24h range −0.05%…+0.17% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
−$237.89
−2.38%
$Avg Daily PnL
+$3.26
+0.0326%
★Best Day
+$17.51
Oct 30
◎Open Interest
dYdX$74.2K
Hibachi$65.3K⚡Funding APR
+11.88%
annualized · funding only
⚠Execution Cost
−$335.56
entry + exit fees
⏱Payback
3.4mo
to break even
◧24h Volume
dYdX$22.7KHibachi$86.6KLoading Cumulative PnL…
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 (−$335.56 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.