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updated 11:39:45 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−8.43%
3d Period Avg+7.82%
swing±7.32%
LONG Binance Futures · now
+1.75%
3d avg:+2.22%
SHORT Hyperliquid · now
−6.69%
3d avg:+10.04%
Entry Spread Now
−0.024%
Eaten by executionL 255.7200 · S 255.6590−$2.39 if it converges
24h range −0.85%…+0.37% · median +0.01%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$16.19
−0.16%
$Avg Daily PnL
+$1.56
+0.0156%
★Best Day
+$2.50
Sep 7
◎Open Interest
Binance Futures$85.96M
Hyperliquid$5.43M⚡Funding APR
+5.71%
annualized · funding only
⚠Execution Cost
−$22.45
entry + exit fees
⏱Payback
14.3d
to break even
◧24h Volume
Binance Futures$122.49MHyperliquid$1.90MLoading 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 (−$22.45 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.