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updated —BTC Funding 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
−7.81%
3d Period Avg−3.83%
swing±8.75%
LONG Hyperliquid · now
+10.96%
3d avg:+10.37%
SHORT BULK · now
+3.15%
3d avg:+6.54%
Entry Spread Now
−0.109%
Against youL ask 77,505 · S bid 77,420.29−$10.93 at entry
24h range −0.79%…+0.30% · median −0.12%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.035%
Loading Funding History…
↗Total PnL
−$19.23
−0.19%
$Avg Daily PnL
−$1.03
−0.0103%
★Best Day
+$0.00
Oct 28
◎Open Interest
Hyperliquid$3.18B
BULK$4.18M⚡Funding APR
−3.77%
annualized · funding only
⚠Execution Cost
−$16.13
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$2.21BBULK$11.29MLoading 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 (−$16.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.