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updated —Funding 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
+0.00%
7d Period Avg+9.02%
swing±8.10%
LONG Binance Futures · now
+10.96%
7d avg:−0.79%
SHORT Hyperliquid · now
+10.96%
7d avg:+8.23%
Entry Spread Now
+0.007%
NeutralL 277.8600 · S 277.8790
24h range −0.53%…+0.21% · median +0.00%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$4.31
−0.04%
$Avg Daily PnL
+$2.38
+0.0238%
★Best Day
+$3.97
Oct 10
◎Open Interest
⚡Funding APR
+8.68%
annualized · funding only
⚠Execution Cost
−$20.96
entry + exit fees
⏱Payback
8.8d
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 (−$20.96 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.