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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β11.57%
3d Period Avgβ1.97%
swingΒ±23.24%
LONG Binance Futures Β· now
+1.40%
3d avg:β11.69%
SHORT Hyperliquid Β· now
β10.17%
3d avg:β13.66%
Entry Spread Now
β0.088%
Eaten by executionL 1.6970 Β· S 1.6955β$8.84 if it converges
24h range β0.52%β¦+0.31% Β· median β0.07%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$20.34
β0.20%
$Avg Daily PnL
β$0.45
β0.0045%
β
Best Day
+$3.09
Oct 16
βOpen Interest
Binance Futures$20.48M
Hyperliquid$3.66Mβ‘Funding APR
β1.64%
annualized Β· funding only
β Execution Cost
β$19.00
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Binance Futures$11.37MHyperliquid$282.8KLoading Cumulative PnLβ¦
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 (β$19.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.