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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 ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+86.12%
3d Period Avg+35.45%
swing±115.62%
LONG Decibel · nowkPEPE/USD
−11.43%
3d avg:−19.86%
SHORT Hyperliquid · nowkPEPE
+74.69%
3d avg:+15.59%
Entry Spread Now
+0.827%
In your favorL 0.004959 · S 0.005000+$82.68 if it converges
24h range −2.37%…+2.58% · median +0.40%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.015%/taker0.045%
Sparse settlements: long 43%, short 100% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$0.34
+0.00%
$Avg Daily PnL
+$5.89
+0.0589%
★Best Day
+$14.79
Oct 30
◎Open Interest
Decibel$4.6K
Hyperliquid$68.52M⚡Funding APR
+21.49%
annualized · funding only
⚠Execution Cost
−$18.00
entry + exit fees
⏱Payback
3.1d
to break even
◧24h Volume
Decibel—Hyperliquid$279.07MLoading 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.