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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 covers it in ~1.9d
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+35.87%
7d Period Avgβ21.42%
swingΒ±37.24%
LONG Hyperliquid Β· now
β387.95%
7d avg:β46.25%
SHORT Binance Futures Β· now
β352.08%
7d avg:β67.67%
Entry Spread Now
+0.075%
Eaten by executionL 0.01061 Β· S 0.01062+$7.54 if it converges
24h range β1.58%β¦+3.30% Β· median +0.14%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
β$43.50
β0.44%
$Avg Daily PnL
β$3.50
β0.0350%
β
Best Day
+$9.10
Oct 13
βOpen Interest
Hyperliquid$1.10M
Binance Futures$5.08Mβ‘Funding APR
β12.78%
annualized Β· funding only
β Execution Cost
β$19.00
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$6.01MBinance Futures$93.04MLoading 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.