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updated 11:58:31 AMFunding Arbitrage Backtester
Size$
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
−1.31%
3d Period Avg−2.52%
LONG Hyperliquid · now
+10.96%
3d avg:+10.76%
SHORT Extended · now
+9.64%
3d avg:+8.24%
Entry Spread Now
−0.152%
Against youL ask 62,983 · S bid 62,887−$15.24 at entry
24h range −0.14%…−0.10% · median −0.12%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$16.39
−0.16%
$Avg Daily PnL
−$0.52
−0.0052%
★Best Day
+$0.11
Aug 13
◎Open Interest
Hyperliquid$2.79B
Extended$57.86M⚡Funding APR
−1.89%
annualized · funding only
⚠Execution Cost
−$14.32
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$243.23MExtended$33.77MLoading 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 (−$14.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.