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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−1.97%
3d Period Avg+35.06%
swing±38.34%
LONG Hyperliquid · now
−2.55%
3d avg:−116.60%
SHORT Binance Futures · now
−4.52%
3d avg:−81.54%
Entry Spread Now
−0.112%
Against youL 0.1721 · S 0.1719−$11.17 if it converges
24h range −0.55%…+1.02% · median +0.06%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$8.47
+0.08%
$Avg Daily PnL
+$9.16
+0.0916%
★Best Day
+$12.81
Oct 18
◎Open Interest
Hyperliquid$1.84M
Binance Futures$5.00M⚡Funding APR
+33.42%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
2.1d
to break even
◧24h Volume
Hyperliquid$358.7KBinance Futures$7.89MLoading 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.