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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
β14.14%
3d Period Avgβ1.45%
swingΒ±4.06%
LONG Hyperliquid Β· now
+10.96%
3d avg:+10.40%
SHORT Bitget Β· now
β3.18%
3d avg:+8.95%
Entry Spread Now
β0.014%
Against youL ask 83,072 Β· S bid 83,060.5β$1.38 at entry
24h range β0.13%β¦+0.16% Β· median +0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding Historyβ¦
βTotal PnL
β$22.76
β0.23%
$Avg Daily PnL
β$0.19
β0.0019%
β
Best Day
+$0.51
Oct 9
βOpen Interest
Hyperliquid$1.63B
Bitget$2.81Bβ‘Funding APR
β0.70%
annualized Β· funding only
β Execution Cost
β$22.18
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$3.59BBitget$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$22.18 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.