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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 never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β1.30%
3d Period Avgβ0.02%
swingΒ±6.99%
LONG SoDEX Β· now
+6.49%
3d avg:+3.27%
SHORT Hyperliquid Β· now
+5.19%
3d avg:+3.25%
Entry Spread Now
β0.012%
Against youL ask 2,526.5 Β· S bid 2,526.2β$1.19 at entry
24h range β0.03%β¦+0.02% Β· median +0.00%
Long pays every1hShort pays every1h
LONGmaker0.012%/taker0.040%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$17.81
β0.18%
$Avg Daily PnL
+$0.00
+0.0000%
β
Best Day
+$1.38
Oct 10
βOpen Interest
SoDEX$62.95M
Hyperliquid$2.80Bβ‘Funding APR
β0.02%
annualized Β· funding only
β Execution Cost
β$17.80
entry + exit fees
β±Payback
never
to break even
β§24h Volume
SoDEX$75.09MHyperliquid$1.30BLoading 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$17.80 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.