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updated 11:12:28 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~55d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.31%
3d Period Avg−9.97%
swing±12.66%
LONG Hyperliquid · now
+10.96%
3d avg:+8.87%
SHORT Hibachi · nowBTC/USDT-P
+12.27%
3d avg:−1.10%
Entry Spread Now
+0.051%
In your favorL ask 79,931 · S bid 79,971.6+$5.08 at entry
24h range −0.00%…+0.07% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
−$27.90
−0.28%
$Avg Daily PnL
−$2.01
−0.0201%
★Best Day
+$1.38
Sep 3
◎Open Interest
Hyperliquid$2.81B
Hibachi$760.0K⚡Funding APR
−7.34%
annualized · funding only
⚠Execution Cost
−$19.86
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$905.01MHibachi$6.29MLoading 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 (−$19.86 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.