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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
+0.00%
3d Period Avg+0.77%
swing±3.97%
LONG Hyperliquid · now
+10.96%
3d avg:+10.96%
SHORT Ondo · nowZEC-USD.P
+10.96%
3d avg:+11.73%
Entry Spread Now
−0.096%
Against youL ask 1,249.3 · S bid 1,248.1−$9.61 at entry
24h range −0.22%…+0.39% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$29.61
−0.30%
$Avg Daily PnL
+$0.21
+0.0021%
★Best Day
+$0.75
Oct 11
◎Open Interest
Hyperliquid$591.49M
Ondo$620.6K⚡Funding APR
+0.77%
annualized · funding only
⚠Execution Cost
−$30.24
entry + exit fees
⏱Payback
4.8mo
to break even
◧24h Volume
Hyperliquid$133.80MOndo$762.2KLoading 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 (−$30.24 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.