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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 ~13d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+22.37%
3d Period Avgβ26.15%
swingΒ±25.75%
LONG Crypto.com Β· nowAVAXUSD-PERP
β22.15%
3d avg:+21.56%
SHORT Hyperliquid Β· now
+0.21%
3d avg:β4.59%
Entry Spread Now
+0.045%
In your favorL ask 9.7450 Β· S bid 9.7494+$4.52 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$103.62
β1.04%
$Avg Daily PnL
β$7.16
β0.0716%
β
Best Day
+$0.47
Oct 19
βOpen Interest
Crypto.com$123.4K
Hyperliquid$20.78Mβ‘Funding APR
β26.14%
annualized Β· funding only
β Execution Cost
β$82.14
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Crypto.com$23.2KHyperliquid$4.55MLoading 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$82.14 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.