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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%
7d Period Avg+0.65%
swing±10.37%
LONG Hyperliquid · now
+10.96%
7d avg:+13.36%
SHORT Ondo · nowZEC-USD.P
+10.96%
7d avg:+14.01%
Entry Spread Now
−0.079%
Against youL ask 1,273.4 · S bid 1,272.4−$7.85 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
−$25.57
−0.26%
$Avg Daily PnL
+$0.20
+0.0020%
★Best Day
+$2.35
Oct 6
◎Open Interest
⚡Funding APR
+0.75%
annualized · funding only
⚠Execution Cost
−$27.00
entry + exit fees
⏱Payback
4.4mo
to break even
◧24h Volume
Loading 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 (−$27.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.