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updated 5:01:48 PMFunding Arbitrage Backtester
Size per leg$
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
+0.00%
3d Period Avg+0.31%
swing±2.34%
LONG Hyperliquid · now
+10.96%
3d avg:+9.73%
SHORT NADO · nowBTC-PERP
+10.96%
3d avg:+10.04%
Entry Spread Now
−0.062%
Against youL ask 80,877 · S bid 80,827−$6.18 at entry
24h range −0.18%…+0.16% · median −0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.035%
Loading Funding History…
↗Total PnL
−$15.99
−0.16%
$Avg Daily PnL
+$0.06
+0.0006%
★Best Day
+$0.20
Sep 16
◎Open Interest
Hyperliquid$3.47B
NADO$25.04M⚡Funding APR
+0.23%
annualized · funding only
⚠Execution Cost
−$16.24
entry + exit fees
⏱Payback
8.5mo
to break even
◧24h Volume
Hyperliquid$3.54BNADO$162.45MLoading 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 (−$16.24 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.