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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+17.78%
3d Period Avg+43.94%
swing±19.37%
LONG Hyperliquid · now
−6.83%
3d avg:−34.26%
SHORT Binance Futures · now
+10.96%
3d avg:+9.68%
Entry Spread Now
−0.085%
Eaten by executionL 0.1187 · S 0.1186−$8.51 if it converges
24h range −1.02%…+0.87% · median −0.04%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$9.56
+0.10%
$Avg Daily PnL
+$9.52
+0.0952%
★Best Day
+$11.99
Oct 15
◎Open Interest
⚡Funding APR
+34.74%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Loading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.