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updated —AAVE Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~50d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.76%
3d Period Avg+12.35%
swing±9.54%
LONG Hyperliquid · now
+8.19%
3d avg:−1.39%
SHORT Phemex · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.131%
Against youL ask 107.1200 · S bid 106.9800−$13.07 at entry
24h range −0.22%…+0.18% · median +0.00%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$28.46
−0.28%
$Avg Daily PnL
+$3.11
+0.0311%
★Best Day
+$3.26
Nov 12
◎Open Interest
Hyperliquid$40.18M
Phemex$2.99M⚡Funding APR
+11.35%
annualized · funding only
⚠Execution Cost
−$37.79
entry + exit fees
⏱Payback
12.2d
to break even
◧24h Volume
Hyperliquid$7.16MPhemex$3.32MLoading 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 (−$37.79 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.