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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~52d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+1.22%
3d Period Avgβ2.42%
swingΒ±7.74%
LONG SoDEX Β· now
+2.94%
3d avg:+4.16%
SHORT Hyperliquid Β· now
+4.16%
3d avg:+1.74%
Entry Spread Now
+0.004%
NeutralL ask 83,385 Β· S bid 83,388
24h range β0.03%β¦+0.03% Β· median β0.00%
Long pays every1hShort pays every1h
LONGmaker0.012%/taker0.040%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$19.22
β0.19%
$Avg Daily PnL
β$0.66
β0.0066%
β
Best Day
+$0.26
Oct 10
βOpen Interest
SoDEX$66.06M
Hyperliquid$3.14Bβ‘Funding APR
β2.41%
annualized Β· funding only
β Execution Cost
β$17.24
entry + exit fees
β±Payback
never
to break even
β§24h Volume
SoDEX$80.00MHyperliquid$1.17BLoading Cumulative PnLβ¦
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 (β$17.24 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.