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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 ~1.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+67.09%
7d Period Avg+15.38%
swing±35.25%
LONG Hyperliquid · now
−57.04%
7d avg:−54.60%
SHORT Binance Futures · now
+10.04%
7d avg:−39.22%
Entry Spread Now
+0.105%
In your favorL 0.1707 · S 0.1709+$10.54 if it converges
24h range −0.55%…+1.02% · median +0.05%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$13.21
+0.13%
$Avg Daily PnL
+$4.60
+0.0460%
★Best Day
+$13.43
Oct 16
◎Open Interest
Hyperliquid$1.86M
Binance Futures$5.05M⚡Funding APR
+16.79%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
Hyperliquid$341.4KBinance Futures$7.76MLoading 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.