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updated —ARB Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.39%
3d Period Avg+1.65%
swing±10.84%
LONG Variational · now
−6.73%
3d avg:+3.91%
SHORT Hyperliquid · now
+5.66%
3d avg:+5.56%
Entry Spread Now
+0.043%
Eaten by executionL 0.1400 · S 0.1401+$4.29 if it converges
24h range −0.32%…+0.49% · median +0.13%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$6.98
−0.07%
$Avg Daily PnL
+$0.67
+0.0067%
★Best Day
+$2.03
Nov 14
◎Open Interest
Variational$910.6K
Hyperliquid$13.54M⚡Funding APR
+2.46%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
13.4d
to break even
◧24h Volume
Variational$355.9KHyperliquid$4.92MLoading 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.