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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−17.78%
7d Period Avg+12.74%
swing±33.61%
LONG Hyperliquid · now
+10.96%
7d avg:−13.12%
SHORT Binance Futures · now
−6.82%
7d avg:−0.38%
Entry Spread Now
+0.484%
In your favorL 0.0006410 · S 0.0006441+$48.36 if it converges
24h range −0.63%…+0.55% · median +0.03%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$15.00
−0.15%
$Avg Daily PnL
+$3.09
+0.0309%
★Best Day
+$12.66
Oct 15
◎Open Interest
Hyperliquid$714.3K
Binance Futures$5.68M⚡Funding APR
+11.27%
annualized · funding only
⚠Execution Cost
−$36.61
entry + exit fees
⏱Payback
11.9d
to break even
◧24h Volume
Hyperliquid$110.9KBinance Futures$6.90MLoading 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 (−$36.61 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.