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updated 10:58:58 PMFunding Arbitrage Backtester
Size per leg$
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
+18.99%
3d Period Avg+22.62%
swing±11.09%
LONG Variational · now
−8.03%
3d avg:−11.88%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.74%
Entry Spread Now
+0.110%
In your favorL 0.6367 · S 0.6374+$10.99 if it converges
24h range −0.61%…+1.17% · median +0.09%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$9.35
+0.09%
$Avg Daily PnL
+$4.59
+0.0459%
★Best Day
+$8.39
Sep 6
◎Open Interest
Variational$407.9K
Hyperliquid$3.31M⚡Funding APR
+16.74%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Variational$56.5KHyperliquid$1.49MLoading 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.