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updated 4:34:15 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+69.47%
3d Period Avg+30.26%
LONG Toobit · nowBABA-SWAP-USDT
−20.18%
3d avg:−20.13%
SHORT trade[XYZ] · nowxyz:BABA
+49.29%
3d avg:+10.13%
Entry Spread Now
+0.217%
In your favorL 124.4400 · S 124.7100+$21.70 if it converges
24h range −0.08%…+0.44% · median +0.27%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.030%/taker0.090%
Loading Funding History…
↗Total PnL
−$4.31
−0.04%
$Avg Daily PnL
+$6.42
+0.0642%
★Best Day
+$8.01
Aug 14
◎Open Interest
Toobit$36.4K![trade[XYZ]](/icons/exchanges/hyperliquid.jpg){kind=icon}
trade[XYZ]$12.16M⚡Funding APR
+23.44%
annualized · funding only
⚠Execution Cost
−$30.00
entry + exit fees
⏱Payback
4.7d
to break even
◧24h Volume
Toobit$267.8Ktrade[XYZ]$1.08MLoading 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 (−$30.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.