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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1662d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.13%
7d Period Avg+16.25%
swing±23.81%
LONG Hyperliquid · now
−5.41%
7d avg:−11.75%
SHORT Binance Futures · now
−5.27%
7d avg:+4.50%
Entry Spread Now
+0.145%
Eaten by executionL 0.007943 · S 0.007954+$14.45 if it converges
24h range −0.70%…+1.69% · median +0.01%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$33.68
−0.34%
$Avg Daily PnL
+$3.65
+0.0365%
★Best Day
+$8.71
Oct 9
◎Open Interest
Hyperliquid$821.8K
Binance Futures$2.66M⚡Funding APR
+13.31%
annualized · funding only
⚠Execution Cost
−$59.20
entry + exit fees
⏱Payback
16.2d
to break even
◧24h Volume
Hyperliquid$451.7KBinance Futures$7.18MLoading 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 (−$59.20 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.