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updated 4:31:13 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+17.42%
3d Period Avg+91.46%
LONG Hyperliquid · now
−6.46%
3d avg:−88.79%
SHORT OKX · nowZORA-USDT-SWAP
+10.96%
3d avg:+2.67%
Entry Spread Now
−0.020%
Eaten by executionL 0.004905 · S 0.004904−$2.04 if it converges
24h range −0.21%…+0.33% · median +0.02%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$52.44
+0.52%
$Avg Daily PnL
+$17.86
+0.1786%
★Best Day
+$22.62
Aug 14
◎Open Interest
Hyperliquid$530.9K
OKX$290.9K⚡Funding APR
+65.19%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
Hyperliquid$109.9KOKX$132.9KLoading 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.