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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
+0.00%
7d Period Avg+2.24%
swing±6.89%
LONG Hyperliquid · now
+10.96%
7d avg:+6.59%
SHORT Ondo · nowBTC-USD.P
+10.96%
7d avg:+8.83%
Entry Spread Now
−0.098%
Against youL ask 83,637 · S bid 83,555−$9.80 at entry
24h range −0.16%…−0.02% · median −0.10%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$12.90
−0.13%
$Avg Daily PnL
+$0.53
+0.0053%
★Best Day
+$1.99
Oct 11
◎Open Interest
Hyperliquid$3.15B
Ondo$3.75M⚡Funding APR
+1.94%
annualized · funding only
⚠Execution Cost
−$16.63
entry + exit fees
⏱Payback
1.0mo
to break even
◧24h Volume
Hyperliquid$1.15BOndo$11.53MLoading 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 (−$16.63 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.