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updated —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
−0.36%
3d Period Avg−5.61%
swing±5.75%
LONG Hyperliquid · now
+0.92%
3d avg:+7.66%
SHORT Bullet · now
+0.56%
3d avg:+2.05%
Entry Spread Now
+0.005%
NeutralL ask 83,009 · S bid 83,013
24h range −0.05%…+0.08% · median −0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
−$22.85
−0.23%
$Avg Daily PnL
−$1.50
−0.0150%
★Best Day
+$0.02
Sep 29
◎Open Interest
Hyperliquid$1.40B
Bullet$165.8K⚡Funding APR
−5.47%
annualized · funding only
⚠Execution Cost
−$18.36
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$2.45BBullet$2.61MLoading 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 (−$18.36 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.