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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~8.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.01%
3d Period Avg+5.72%
swing±8.87%
LONG Hyperliquid · now
+3.94%
3d avg:+0.94%
SHORT Ondo · nowBTC-USD.P
+10.96%
3d avg:+6.66%
Entry Spread Now
−0.112%
Against youL ask 83,389 · S bid 83,296−$11.15 at entry
24h range −0.18%…−0.02% · median −0.10%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$13.05
−0.13%
$Avg Daily PnL
+$1.35
+0.0135%
★Best Day
+$2.02
Oct 11
◎Open Interest
Hyperliquid$3.14B
Ondo$3.72M⚡Funding APR
+4.93%
annualized · funding only
⚠Execution Cost
−$17.10
entry + exit fees
⏱Payback
12.7d
to break even
◧24h Volume
Hyperliquid$1.17BOndo$11.56MLoading 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 (−$17.10 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.