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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 ~66d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.99%
7d Period Avg+8.45%
swing±12.03%
LONG Hyperliquid · now
+8.97%
7d avg:+2.51%
SHORT Phemex · now
+10.96%
7d avg:+10.96%
Entry Spread Now
−0.028%
Against youL ask 107.4100 · S bid 107.3800−$2.79 at entry
24h range −0.22%…+0.18% · median +0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$18.52
−0.19%
$Avg Daily PnL
+$2.52
+0.0252%
★Best Day
+$3.89
Nov 10
◎Open Interest
Hyperliquid$40.32M
Phemex$3.00M⚡Funding APR
+9.21%
annualized · funding only
⚠Execution Cost
−$36.18
entry + exit fees
⏱Payback
14.3d
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 (−$36.18 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.