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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 ~42d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.84%
3d Period Avg−0.70%
swing±5.66%
LONG Hyperliquid · now
+7.80%
3d avg:+4.51%
SHORT KuCoin · nowXBTUSDTM
+9.64%
3d avg:+3.81%
Entry Spread Now
−0.011%
Against youL ask 82,507 · S bid 82,497.9−$1.10 at entry
24h range −0.11%…+0.11% · median +0.00%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$19.80
−0.20%
$Avg Daily PnL
+$0.47
+0.0047%
★Best Day
+$0.97
Oct 11
◎Open Interest
Hyperliquid$3.15B
KuCoin$844.07M⚡Funding APR
+1.71%
annualized · funding only
⚠Execution Cost
−$21.20
entry + exit fees
⏱Payback
1.5mo
to break even
◧24h Volume
Hyperliquid$2.17BKuCoin$362.58MLoading 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 (−$21.20 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.