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updated 5:03:18 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+45.91%
30d Period Avg+12.65%
LONG KuCoin · nowAPEUSDTM
−34.95%
30d avg:−3.88%
SHORT Hyperliquid · now
+10.96%
30d avg:+8.77%
Entry Spread Now
−0.049%
Eaten by executionL 0.1237 · S 0.1236−$4.85 if it converges
24h range −0.28%…+0.45% · median −0.02%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$82.78
+0.83%
$Avg Daily PnL
+$3.35
+0.0335%
★Best Day
+$11.74
Jul 31
◎Open Interest
KuCoin$3.70M
Hyperliquid$756.1K⚡Funding APR
+12.22%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
6.3d
to break even
◧24h Volume
KuCoin$188.8KHyperliquid$68.8KLoading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.