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updated —1000PEPE Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+354.58%
1d Period Avg+40.85%
swing±134.12%
LONG Decibel · nowkPEPE/USD
−143.62%
1d avg:−25.67%
SHORT Hyperliquid · nowkPEPE
+210.96%
1d avg:+15.18%
Entry Spread Now
+0.666%
In your favorL 0.004958 · S 0.004991+$66.56 if it converges
24h range −2.37%…+2.58% · median +0.39%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$9.14
−0.09%
$Avg Daily PnL
+$8.86
+0.0886%
★Best Day
+$10.85
Oct 30
◎Open Interest
Decibel$4.5K
Hyperliquid$69.15M⚡Funding APR
+32.34%
annualized · funding only
⚠Execution Cost
−$18.00
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Decibel—Hyperliquid$272.54MLoading 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 (−$18.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.