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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 ~2.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+15.12%
7d Period Avg+5.29%
swing±9.55%
LONG Variational · now
−5.12%
7d avg:+1.34%
SHORT Hyperliquid · now
+10.00%
7d avg:+6.63%
Entry Spread Now
−0.057%
Against youL 0.1400 · S 0.1399−$5.71 if it converges
24h range −0.32%…+0.49% · median +0.12%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$1.76
+0.02%
$Avg Daily PnL
+$1.54
+0.0154%
★Best Day
+$3.29
Nov 11
◎Open Interest
Variational$910.3K
Hyperliquid$13.54M⚡Funding APR
+5.61%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
5.9d
to break even
◧24h Volume
Variational$359.0KHyperliquid$5.11MLoading 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.