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updated 7:52:26 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
+0.00%
3d Period Avg−10.42%
LONG Hyperliquid · now
+10.96%
3d avg:+17.31%
SHORT Bitget · now
+10.96%
3d avg:+6.89%
Entry Spread Now
−0.003%
NeutralL ask 79,501 · S bid 79,498.9
24h range −1.23%…+0.22% · median −0.06%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$27.73
−0.28%
$Avg Daily PnL
−$1.65
−0.0165%
★Best Day
−$1.01
Aug 22
◎Open Interest
Hyperliquid$2.91B
Bitget$2.72B⚡Funding APR
−6.02%
annualized · funding only
⚠Execution Cost
−$21.14
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$6.29BBitget$4.71BLoading 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 (−$21.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.