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updated —BTC 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+0.75%
swing±2.72%
LONG Hyperliquid · now
+10.96%
7d avg:+10.21%
SHORT PopDEX · now
+10.96%
7d avg:+10.96%
Entry Spread Now
+0.009%
In your favorL ask 77,931 · S bid 77,938+$0.90 at entry
24h range −0.02%…+0.03% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.032%
Loading Funding History…
↗Total PnL
−$14.43
−0.14%
$Avg Daily PnL
+$0.19
+0.0019%
★Best Day
+$0.53
Oct 26
◎Open Interest
Hyperliquid$3.15B
PopDEX$54.62M⚡Funding APR
+0.71%
annualized · funding only
⚠Execution Cost
−$15.79
entry + exit fees
⏱Payback
2.7mo
to break even
◧24h Volume
Hyperliquid$598.45MPopDEX$26.45MLoading 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 (−$15.79 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.