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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β97.57%
3d Period Avgβ69.30%
swingΒ±40.62%
LONG Hyperliquid Β· now
β241.85%
3d avg:β309.51%
SHORT Binance Futures Β· now
β339.42%
3d avg:β378.81%
Entry Spread Now
+0.170%
In your favorL 0.01057 Β· S 0.01059+$17.03 if it converges
24h range β1.58%β¦+2.51% Β· median +0.14%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Sparse settlements: long 32%, short 33% of expected. KPIs may be noisy.
Loading Funding Historyβ¦
βTotal PnL
β$36.26
β0.36%
$Avg Daily PnL
β$5.75
β0.0575%
β
Best Day
+$3.84
Oct 13
βOpen Interest
Hyperliquid$1.10M
Binance Futures$4.99Mβ‘Funding APR
β21.00%
annualized Β· funding only
β Execution Cost
β$19.00
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$5.97MBinance Futures$92.15MLoading Cumulative PnLβ¦
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 (β$19.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.