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updated 11:58:30 AMFunding Arbitrage Backtester
Size$
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
−10.96%
3d Period Avg−11.01%
LONG Hyperliquid · now
+10.96%
3d avg:+10.77%
SHORT dYdX · now
+0.00%
3d avg:−0.24%
Entry Spread Now
−0.075%
Against youL ask 62,983 · S bid 62,936−$7.46 at entry
24h range −0.11%…−0.01% · median −0.06%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$32.70
−0.33%
$Avg Daily PnL
−$2.26
−0.0226%
★Best Day
−$1.38
Aug 13
◎Open Interest
Hyperliquid$2.79B
dYdX$17.65M⚡Funding APR
−8.24%
annualized · funding only
⚠Execution Cost
−$23.67
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$243.23MdYdX$541.5KLoading 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 (−$23.67 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.