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updated 12:18:59 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+73.73%
3d Period Avg−1.72%
swing±53.99%
LONG Hotcoin · now
−17.53%
3d avg:+5.56%
SHORT dYdX · now
+56.20%
3d avg:+3.84%
Entry Spread Now
+0.076%
In your favorL ask 2,614.72 · S bid 2,616.7+$7.57 at entry
24h range −0.20%…+0.13% · median −0.02%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$25.83
−0.26%
$Avg Daily PnL
+$0.06
+0.0006%
★Best Day
+$8.01
Sep 18
◎Open Interest
Hotcoin$470.58M
dYdX$27.01M⚡Funding APR
+0.23%
annualized · funding only
⚠Execution Cost
−$26.09
entry + exit fees
⏱Payback
13.6mo
to break even
◧24h Volume
Hotcoin—dYdX$66.78MLoading 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 (−$26.09 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.