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updated 5:11:47 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Net Funding APR · Now
+81.99%
30d Avg—
LONG Paradex
−45.70%
30d: —
SHORT Backpack
+36.30%
30d: —
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.030%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$36.30
+0.36%
$Avg Daily PnL
+$2.08
+0.0208%
★Best Day
+$56.70
May 5
◎Open Interest
Paradex$37.5K
Backpack$477.2K⚡APR
+4.42%
annualized
⚠Execution Cost
−$26.23
entry + exit fees
⏱Payback
12.6d
to break even
◧24h Volume
Paradex$7.9KBackpack$509.8KLoading 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 (−$26.23 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.