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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−10.41%
3d Period Avg−4.45%
swing±7.29%
LONG Hyperliquid · now
+10.96%
3d avg:+6.05%
SHORT dYdX · now
+0.55%
3d avg:+1.60%
Entry Spread Now
−0.006%
Against youL ask 83,970 · S bid 83,965−$0.60 at entry
24h range −0.10%…+0.05% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$36.53
−0.37%
$Avg Daily PnL
−$1.20
−0.0120%
★Best Day
−$0.47
Sep 27
◎Open Interest
Hyperliquid$1.51B
dYdX$17.20M⚡Funding APR
−4.39%
annualized · funding only
⚠Execution Cost
−$32.92
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$2.82BdYdX$6.56MLoading 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 (−$32.92 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.