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updated 9:30:45 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+23.09%
3d Period Avg+23.02%
swing±11.11%
LONG Variational · now
−12.13%
3d avg:−12.29%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.73%
Entry Spread Now
+0.101%
In your favorL 0.6423 · S 0.6430+$10.12 if it converges
24h range −0.61%…+1.17% · median +0.10%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$9.72
+0.10%
$Avg Daily PnL
+$4.68
+0.0468%
★Best Day
+$8.39
Sep 6
◎Open Interest
Variational$411.1K
Hyperliquid$3.34M⚡Funding APR
+17.08%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
1.9d
to break even
◧24h Volume
Variational$60.1KHyperliquid$1.70MLoading 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 (−$9.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.