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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 ~45d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.34%
7d Period Avg+4.53%
swing±8.86%
LONG dYdX · now
+0.00%
7d avg:−0.10%
SHORT Hyperliquid · now
+6.34%
7d avg:+4.43%
Entry Spread Now
−0.280%
Against youL ask 1.2867 · S bid 1.2831−$27.98 at entry
24h range +0.01%…+0.15% · median +0.08%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$69.43
−0.69%
$Avg Daily PnL
+$1.24
+0.0124%
★Best Day
+$3.00
Oct 16
◎Open Interest
dYdX$629.5K
Hyperliquid$221.81M⚡Funding APR
+4.52%
annualized · funding only
⚠Execution Cost
−$78.09
entry + exit fees
⏱Payback
2.1mo
to break even
◧24h Volume
dYdX$18.8KHyperliquid$39.13MLoading 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 (−$78.09 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.