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updated —ADA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+25.02%
3d Period Avg+5.88%
swing±7.16%
LONG Hyperliquid · now
−36.03%
3d avg:−1.25%
SHORT Variational · now
−11.02%
3d avg:+4.63%
Entry Spread Now
+0.006%
NeutralL 0.1638 · S 0.1638
24h range −0.43%…+0.24% · median −0.06%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$9.37
−0.09%
$Avg Daily PnL
+$1.33
+0.0133%
★Best Day
+$2.47
Nov 13
◎Open Interest
Hyperliquid$21.84M
Variational$2.68M⚡Funding APR
+4.87%
annualized · funding only
⚠Execution Cost
−$13.37
entry + exit fees
⏱Payback
10.0d
to break even
◧24h Volume
Hyperliquid$5.03MVariational$412.1KLoading 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 (−$13.37 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.