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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 covers it in ~19d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+3.72%
3d Period Avgβ3.91%
swingΒ±2.73%
LONG Hyperliquid Β· now
+1.23%
3d avg:+9.72%
SHORT Binance Futures Β· now
+4.95%
3d avg:+5.81%
Entry Spread Now
+0.007%
In your favorL ask 81,319 Β· S bid 81,324.4+$0.66 at entry
24h range β0.07%β¦+0.19% Β· median β0.00%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
β$22.94
β0.23%
$Avg Daily PnL
β$1.27
β0.0127%
β
Best Day
β$0.78
Oct 17
βOpen Interest
Hyperliquid$3.36B
Binance Futures$7.67Bβ‘Funding APR
β4.64%
annualized Β· funding only
β Execution Cost
β$19.13
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$765.74MBinance Futures$3.92BLoading 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$19.13 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.