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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
−4.85%
7d Period Avg+8.77%
swing±10.91%
LONG Binance Futures · now
+10.96%
7d avg:+0.11%
SHORT Hyperliquid · nowkSHIB
+6.11%
7d avg:+8.88%
Entry Spread Now
−0.281%
Against youL 0.004962 · S 0.004948−$28.13 if it converges
24h range −0.24%…+0.21% · median −0.00%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$1.98
−0.02%
$Avg Daily PnL
+$2.43
+0.0243%
★Best Day
+$5.15
Oct 14
◎Open Interest
Binance Futures$21.96M
Hyperliquid$2.80M⚡Funding APR
+8.88%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
7.8d
to break even
◧24h Volume
Binance Futures$14.77MHyperliquid$233.9KLoading 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.