β Back to Screener
updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~8.0d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+8.98%
7d Period Avgβ2.30%
swingΒ±8.83%
LONG Hyperliquid Β· now
β1.01%
7d avg:+6.87%
SHORT Ondo Β· nowETH-USD.P
+7.98%
7d avg:+4.57%
Entry Spread Now
β0.118%
Against youL ask 2,534.5 Β· S bid 2,531.5β$11.84 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$23.71
β0.24%
$Avg Daily PnL
β$0.59
β0.0059%
β
Best Day
+$0.37
Oct 7
βOpen Interest
Hyperliquid$2.82B
Ondo$2.48Mβ‘Funding APR
β2.15%
annualized Β· funding only
β Execution Cost
β$19.58
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$1.39BOndo$3.17MLoading 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$19.58 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.