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updated —BTC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~207d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.31%
3d Period Avg+0.68%
swing±6.45%
LONG Hyperliquid · now
+6.89%
3d avg:+6.62%
SHORT SoDEX · now
+7.20%
3d avg:+7.30%
Entry Spread Now
+0.007%
In your favorL ask 67,237 · S bid 67,242+$0.74 at entry
24h range −0.16%…+0.11% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.012%/taker0.040%
Loading Funding History…
↗Total PnL
−$16.94
−0.17%
$Avg Daily PnL
+$0.21
+0.0021%
★Best Day
+$0.82
Nov 12
◎Open Interest
Hyperliquid$2.57B
SoDEX$69.90M⚡Funding APR
+0.75%
annualized · funding only
⚠Execution Cost
−$17.56
entry + exit fees
⏱Payback
2.8mo
to break even
◧24h Volume
Hyperliquid$3.85BSoDEX$145.19MLoading 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 (−$17.56 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.