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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 ~6.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+19.22%
7d Period Avg+9.92%
swing±43.61%
LONG Hyperliquid · nowkPEPE
−8.27%
7d avg:+11.49%
SHORT PopDEX · nowkPEPEUSDT
+10.96%
7d avg:+21.41%
Entry Spread Now
−0.224%
Against youL 0.004911 · S 0.004900−$22.40 if it converges
24h range −1.88%…+0.12% · median −0.89%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.032%
Loading Funding History…
↗Total PnL
−$13.79
−0.14%
$Avg Daily PnL
+$2.72
+0.0272%
★Best Day
+$9.97
Oct 31
◎Open Interest
Hyperliquid$60.52M
PopDEX$1.01M⚡Funding APR
+9.91%
annualized · funding only
⚠Execution Cost
−$32.80
entry + exit fees
⏱Payback
12.1d
to break even
◧24h Volume
Hyperliquid$24.93MPopDEX$207.7KLoading 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 (−$32.80 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.