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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 ~2.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+25.74%
3d Period Avg−7.55%
swing±36.64%
LONG Hyperliquid · now
+10.96%
3d avg:+6.07%
SHORT Perpl · now
+36.69%
3d avg:−1.48%
Entry Spread Now
+0.009%
In your favorL ask 83,970 · S bid 83,977.2+$0.86 at entry
24h range −0.08%…+0.06% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.050%/taker0.088%
Loading Funding History…
↗Total PnL
−$25.96
−0.26%
$Avg Daily PnL
−$2.30
−0.0230%
★Best Day
+$5.14
Sep 30
◎Open Interest
Hyperliquid$1.51B
Perpl$781.3K⚡Funding APR
−8.40%
annualized · funding only
⚠Execution Cost
−$19.05
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$2.82BPerpl$16.56MLoading 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 (−$19.05 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.