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updated —BNB Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~15d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.00%
3d Period Avg+5.95%
swing±6.92%
LONG Variational · now
+1.01%
3d avg:+0.56%
SHORT Hyperliquid · now
+5.00%
3d avg:+6.51%
Entry Spread Now
+0.046%
In your favorL ask 618.1940 · S bid 618.4800+$4.63 at entry
24h range −0.08%…+0.27% · median +0.09%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$11.00
−0.11%
$Avg Daily PnL
+$1.71
+0.0171%
★Best Day
+$2.65
Nov 12
◎Open Interest
Variational$6.63M
Hyperliquid$32.91M⚡Funding APR
+6.22%
annualized · funding only
⚠Execution Cost
−$16.12
entry + exit fees
⏱Payback
9.4d
to break even
◧24h Volume
Variational$7.60MHyperliquid$7.95MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$16.12 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.