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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 ~2.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+30.47%
3d Period Avg+35.10%
swing±30.78%
LONG OKX · nowW-USDT-SWAP
−19.51%
3d avg:−9.40%
SHORT Hyperliquid · now
+10.96%
3d avg:+25.70%
Entry Spread Now
−0.261%
Against youL 0.01341 · S 0.01337−$26.11 if it converges
24h range −0.51%…+1.11% · median +0.33%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$9.78
+0.10%
$Avg Daily PnL
+$9.59
+0.0959%
★Best Day
+$13.98
Oct 1
◎Open Interest
OKX$2.18M
Hyperliquid$3.27M⚡Funding APR
+35.01%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
OKX$3.12MHyperliquid$1.89MLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.