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updated 2:39:58 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+135.64%
30d Period Avg+17.38%
LONG Hyperliquid · now
−124.68%
30d avg:−16.33%
SHORT OKX · nowZORA-USDT-SWAP
+10.96%
30d avg:+1.05%
Entry Spread Now
+0.000%
NeutralL 0.004846 · S 0.004846
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
+$121.29
+1.21%
$Avg Daily PnL
+$4.53
+0.0453%
★Best Day
+$38.96
Aug 14
◎Open Interest
Hyperliquid$523.6K
OKX$290.1K⚡Funding APR
+16.52%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
4.2d
to break even
◧24h Volume
Hyperliquid$99.2KOKX$126.5KLoading 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.