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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
β5.13%
3d Period Avgβ1.55%
swingΒ±3.30%
LONG Hyperliquid Β· now
+10.96%
3d avg:+9.30%
SHORT Bitunix Β· now
+5.83%
3d avg:+7.75%
Entry Spread Now
β0.028%
Against youL ask 82,982 Β· S bid 82,958.6β$2.82 at entry
24h range β0.19%β¦+0.21% Β· median β0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding Historyβ¦
βTotal PnL
β$21.96
β0.22%
$Avg Daily PnL
β$0.28
β0.0028%
β
Best Day
+$0.44
Oct 21
βOpen Interest
Hyperliquid$3.42B
Bitunixββ‘Funding APR
β1.01%
annualized Β· funding only
β Execution Cost
β$21.13
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$2.59BBitunix$1.82BLoading 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$21.13 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.