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updated —DOT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−10.54%
7d Period Avg+5.73%
swing±13.30%
LONG Hyperliquid · now
+2.80%
7d avg:+3.13%
SHORT Phemex · now
−7.75%
7d avg:+8.86%
Entry Spread Now
+0.051%
Eaten by executionL 0.7846 · S 0.7850+$5.10 if it converges
24h range −0.44%…+1.08% · median −0.02%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$4.95
−0.05%
$Avg Daily PnL
+$2.29
+0.0229%
★Best Day
+$6.95
Nov 8
◎Open Interest
Hyperliquid$5.52M
Phemex$1.99M⚡Funding APR
+8.37%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
9.2d
to break even
◧24h Volume
Hyperliquid$2.44MPhemex$1.24MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.