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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−9.98%
3d Period Avg+6.64%
swing±5.60%
LONG dYdX · now
+0.00%
3d avg:+0.05%
SHORT Hyperliquid · now
−9.98%
3d avg:+6.69%
Entry Spread Now
−0.232%
Against youL ask 1.2940 · S bid 1.2910−$23.18 at entry
24h range −0.03%…+0.15% · median +0.08%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$49.89
−0.50%
$Avg Daily PnL
+$1.78
+0.0178%
★Best Day
+$3.00
Oct 16
◎Open Interest
dYdX$634.2K
Hyperliquid$222.18M⚡Funding APR
+6.48%
annualized · funding only
⚠Execution Cost
−$55.22
entry + exit fees
⏱Payback
1.0mo
to break even
◧24h Volume
dYdX$19.0KHyperliquid$46.67MLoading 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 (−$55.22 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.