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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~2.0d
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+34.99%
3d Period Avg+10.13%
swingΒ±23.66%
LONG Hyperliquid Β· now
β45.59%
3d avg:β8.83%
SHORT Binance Futures Β· now
β10.60%
3d avg:+1.30%
Entry Spread Now
β0.049%
Eaten by executionL 0.008140 Β· S 0.008136β$4.91 if it converges
24h range β0.70%β¦+0.72% Β· median +0.02%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
β$13.74
β0.14%
$Avg Daily PnL
+$1.75
+0.0175%
β
Best Day
+$3.38
Oct 13
βOpen Interest
Hyperliquid$851.3K
Binance Futures$2.71Mβ‘Funding APR
+6.40%
annualized Β· funding only
β Execution Cost
β$19.00
entry + exit fees
β±Payback
10.8d
to break even
β§24h Volume
Hyperliquid$381.2KBinance Futures$5.99MLoading Cumulative PnLβ¦
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 (β$19.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.