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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~118d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg−0.74%
swing±8.35%
LONG Hyperliquid · now
+10.96%
3d avg:+6.06%
SHORT Extended · now
+11.40%
3d avg:+5.32%
Entry Spread Now
+0.004%
NeutralL ask 83,970 · S bid 83,973
24h range −0.17%…+0.08% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$14.84
−0.15%
$Avg Daily PnL
−$0.20
−0.0020%
★Best Day
+$1.00
Sep 30
◎Open Interest
Hyperliquid$1.51B
Extended$18.33M⚡Funding APR
−0.73%
annualized · funding only
⚠Execution Cost
−$14.24
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$2.82BExtended$94.29MLoading 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 (−$14.24 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.