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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 ~1.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+37.40%
7d Period Avg+25.73%
swing±33.94%
LONG OKX · nowW-USDT-SWAP
−26.44%
7d avg:−8.54%
SHORT Hyperliquid · now
+10.96%
7d avg:+17.19%
Entry Spread Now
+0.354%
In your favorL 0.01326 · S 0.01331+$35.44 if it converges
24h range −0.39%…+1.11% · median +0.33%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$30.31
+0.30%
$Avg Daily PnL
+$7.04
+0.0704%
★Best Day
+$17.01
Sep 27
◎Open Interest
OKX$2.16M
Hyperliquid$3.21M⚡Funding APR
+25.71%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
2.7d
to break even
◧24h Volume
OKX$3.15MHyperliquid$1.86MLoading 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.