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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 ~6.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+11.21%
7d Period Avg+23.07%
swing±24.19%
LONG Hyperliquid · now
−0.25%
7d avg:−12.63%
SHORT Binance Futures · now
+10.96%
7d avg:+10.44%
Entry Spread Now
−0.119%
Against youL 0.1193 · S 0.1191−$11.85 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
+$18.92
+0.19%
$Avg Daily PnL
+$5.42
+0.0542%
★Best Day
+$11.99
Oct 15
◎Open Interest
⚡Funding APR
+19.77%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
3.5d
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.