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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 ~8.6d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+36.26%
1d Period Avgβ6.58%
swingΒ±24.21%
LONG Crypto.com Β· nowAVAXUSD-PERP
β29.90%
1d avg:β9.92%
SHORT Hyperliquid Β· now
+6.35%
1d avg:β16.50%
Entry Spread Now
+0.011%
In your favorL ask 9.6730 Β· S bid 9.6741+$1.14 at entry
24h range β0.17%β¦+0.31% Β· median +0.05%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$86.75
β0.87%
$Avg Daily PnL
β$1.80
β0.0180%
β
Best Day
β$1.80
Oct 18
βOpen Interest
Crypto.com$122.3K
Hyperliquid$20.54Mβ‘Funding APR
β6.58%
annualized Β· funding only
β Execution Cost
β$84.95
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Crypto.com$25.2KHyperliquid$4.48MLoading Cumulative PnLβ¦
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (β$84.95 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.