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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 ~18d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+55.23%
3d Period Avg+81.90%
swing±37.40%
LONG Polymarket · now
−38.72%
3d avg:−18.49%
SHORT dYdX · now
+16.51%
3d avg:+63.41%
Entry Spread Now
+0.118%
Eaten by executionL 61.8440 · S 61.9169+$11.79 if it converges
24h range −0.09%…+1.64% · median +0.09%
Long pays every1hShort pays every1h
LONGmaker0.013%/taker0.040%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$203.90
−2.04%
$Avg Daily PnL
+$16.62
+0.1662%
★Best Day
+$25.93
Sep 23
◎Open Interest
⚡Funding APR
+60.66%
annualized · funding only
⚠Execution Cost
−$270.38
entry + exit fees
⏱Payback
16.3d
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 + fees only (orderbook snapshot stale) on both legs (−$270.38 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.