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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 ~36d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.81%
7d Period Avg+7.04%
swing±6.22%
LONG Variational · now
+1.15%
7d avg:−0.16%
SHORT Hyperliquid · now
+2.95%
7d avg:+6.88%
Entry Spread Now
+0.083%
In your favorL ask 618.2190 · S bid 618.7300+$8.27 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
−$4.05
−0.04%
$Avg Daily PnL
+$1.95
+0.0195%
★Best Day
+$3.06
Nov 10
◎Open Interest
Variational$6.63M
Hyperliquid$32.95M⚡Funding APR
+7.12%
annualized · funding only
⚠Execution Cost
−$17.70
entry + exit fees
⏱Payback
9.1d
to break even
◧24h Volume
Variational$7.01MHyperliquid$8.09MLoading 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 (−$17.70 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.