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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 covers it in ~5.3d
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+13.00%
7d Period Avg+2.14%
swingΒ±17.86%
LONG Binance Futures Β· now
β2.05%
7d avg:β6.21%
SHORT Hyperliquid Β· now
+10.96%
7d avg:β4.07%
Entry Spread Now
β0.337%
Against youL 1.6890 Β· S 1.6833β$33.75 if it converges
24h range β0.38%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$14.15
β0.14%
$Avg Daily PnL
+$0.69
+0.0069%
β
Best Day
+$3.09
Oct 16
βOpen Interest
β‘Funding APR
+2.53%
annualized Β· funding only
β Execution Cost
β$19.00
entry + exit fees
β±Payback
27.4d
to break even
β§24h Volume
Loading 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.