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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~21d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+3.29%
3d Period Avgβ6.10%
swingΒ±9.69%
LONG Hyperliquid Β· now
+6.18%
3d avg:+3.14%
SHORT Ondo Β· nowETH-USD.P
+9.47%
3d avg:β2.96%
Entry Spread Now
β0.135%
Against youL ask 2,519.1 Β· S bid 2,515.7β$13.50 at entry
24h range β0.24%β¦β0.01% Β· median β0.11%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.015%/taker0.035%
Loading Funding Historyβ¦
βTotal PnL
β$24.10
β0.24%
$Avg Daily PnL
β$1.78
β0.0178%
β
Best Day
β$0.32
Oct 11
βOpen Interest
Hyperliquid$2.79B
Ondo$2.49Mβ‘Funding APR
β6.50%
annualized Β· funding only
β Execution Cost
β$18.76
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$1.34BOndo$3.19MLoading Cumulative PnLβ¦
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 (β$18.76 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.