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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 never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β0.02%
3d Period Avgβ5.77%
swingΒ±7.85%
LONG Bullet Β· now
+7.03%
3d avg:+7.46%
SHORT Hyperliquid Β· now
+7.01%
3d avg:+1.69%
Entry Spread Now
+0.013%
In your favorL ask 83,817 Β· S bid 83,828+$1.31 at entry
24h range β0.05%β¦+0.01% Β· median β0.01%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.040%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$23.40
β0.23%
$Avg Daily PnL
β$1.58
β0.0158%
β
Best Day
+$0.24
Oct 9
βOpen Interest
Bullet$694.2K
Hyperliquid$3.19Bβ‘Funding APR
β5.77%
annualized Β· funding only
β Execution Cost
β$18.66
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Bullet$4.80MHyperliquid$1.26BLoading Cumulative PnLβ¦
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 (β$18.66 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.