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updated —BTC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~119d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+4.90%
swing±4.91%
LONG Hyperliquid · now
+10.96%
3d avg:+6.50%
SHORT Extended · now
+11.40%
3d avg:+11.40%
Entry Spread Now
−0.749%
Against youL 64,031 · S 63,551.25−$74.92 if it converges
24h range −0.24%…+0.34% · median −0.09%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$10.29
−0.10%
$Avg Daily PnL
+$1.34
+0.0134%
★Best Day
+$2.00
Nov 14
◎Open Interest
Hyperliquid$2.42B
Extended$11.01M⚡Funding APR
+4.89%
annualized · funding only
⚠Execution Cost
−$14.31
entry + exit fees
⏱Payback
10.7d
to break even
◧24h Volume
Hyperliquid$7.34BExtended$89.85MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$14.31 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.