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updated 10:37:11 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−10.98%
LONG Hyperliquid · now
+10.96%
3d avg:+10.74%
SHORT dYdX · now
+0.00%
3d avg:−0.24%
Entry Spread Now
−0.067%
Against youL ask 62,981 · S bid 62,939−$6.67 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
−$31.87
−0.32%
$Avg Daily PnL
−$2.25
−0.0225%
★Best Day
−$1.32
Aug 16
◎Open Interest
Hyperliquid$2.80B
dYdX$17.65M⚡Funding APR
−8.22%
annualized · funding only
⚠Execution Cost
−$22.86
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$234.49MdYdX$548.0KLoading 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 (−$22.86 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.