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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~15d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.20%
1d Period Avg−0.48%
swing±32.29%
LONG Hibachi · nowHYPE/USDT-P
−13.15%
1d avg:+4.68%
SHORT dYdX · now
+13.05%
1d avg:+4.20%
Entry Spread Now
−0.231%
Against youL ask 88.7293 · S bid 88.5240−$23.14 at entry
24h range −0.16%…+0.18% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.045%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$108.89
−1.09%
$Avg Daily PnL
−$0.13
−0.0013%
★Best Day
+$1.08
Oct 3
◎Open Interest
Hibachi$144.9K
dYdX$99.1K⚡Funding APR
−0.48%
annualized · funding only
⚠Execution Cost
−$108.76
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hibachi$273.5KdYdX$11.0KLoading 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 (−$108.76 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.