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updated 8:56:03 AMFunding 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
−2.27%
3d Period Avg−2.12%
swing±2.15%
LONG Hyperliquid · now
+10.96%
3d avg:+10.96%
SHORT Binance Futures · now
+8.69%
3d avg:+8.84%
Entry Spread Now
−0.057%
Against youL ask 76,788 · S bid 76,744.5−$5.66 at entry
24h range −0.10%…+0.12% · median −0.02%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$20.88
−0.21%
$Avg Daily PnL
−$0.43
−0.0043%
★Best Day
+$0.47
Sep 2
◎Open Interest
Hyperliquid$2.97B
Binance Futures$8.36B⚡Funding APR
−1.58%
annualized · funding only
⚠Execution Cost
−$19.14
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$2.79BBinance Futures$11.57BLoading 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 (−$19.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.