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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 ~28d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.42%
3d Period Avg−3.08%
swing±44.49%
LONG Hibachi · nowHYPE/USDT-P
−5.26%
3d avg:+3.89%
SHORT dYdX · now
+21.16%
3d avg:+0.81%
Entry Spread Now
−0.241%
Against youL ask 87.9897 · S bid 87.7780−$24.06 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
−$202.55
−2.03%
$Avg Daily PnL
−$0.81
−0.0081%
★Best Day
+$1.38
Oct 3
◎Open Interest
⚡Funding APR
−2.96%
annualized · funding only
⚠Execution Cost
−$200.12
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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 (−$200.12 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.