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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β6.58%
3d Period Avgβ4.37%
swingΒ±6.67%
LONG Hyperliquid Β· now
+7.06%
3d avg:+7.43%
SHORT HTX Β· now
+0.48%
3d avg:+3.06%
Entry Spread Now
+0.003%
NeutralL ask 82,188 Β· S bid 82,190.6
24h range β0.20%β¦+0.27% Β· median β0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
β$22.78
β0.23%
$Avg Daily PnL
β$1.22
β0.0122%
β
Best Day
+$0.98
Oct 15
βOpen Interest
Hyperliquid$3.29B
HTX$1.73Bβ‘Funding APR
β4.44%
annualized Β· funding only
β Execution Cost
β$19.13
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$4.22BHTX$650.62MLoading Cumulative PnLβ¦
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 (β$19.13 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.