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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+10.77%
swing±13.75%
LONG Binance Futures · now
+10.96%
7d avg:−2.93%
SHORT Hyperliquid · nowkPEPE
+10.96%
7d avg:+7.84%
Entry Spread Now
+0.088%
Eaten by executionL 0.004091 · S 0.004095+$8.80 if it converges
24h range −0.41%…+0.62% · median −0.01%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$0.53
+0.01%
$Avg Daily PnL
+$2.79
+0.0279%
★Best Day
+$6.99
Oct 15
◎Open Interest
⚡Funding APR
+10.18%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
6.8d
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 + 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.