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updated 12:32:16 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+63.00%
3d Period Avg+33.13%
LONG Hyperliquid · now
−26.18%
3d avg:+1.84%
SHORT N1 · now
+36.82%
3d avg:+34.97%
Entry Spread Now
+0.076%
Eaten by executionL 606.2600 · S 606.7200+$7.59 if it converges
24h range +0.01%…+0.13% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
+$6.92
+0.07%
$Avg Daily PnL
+$6.90
+0.0690%
★Best Day
+$9.25
Aug 14
◎Open Interest
Hyperliquid$34.95M
N1$4.0K⚡Funding APR
+25.19%
annualized · funding only
⚠Execution Cost
−$20.69
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
Hyperliquid$7.14MN1$12.3KLoading 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 (−$20.69 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.