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updated 9:24:44 AMFunding Arbitrage Backtester
Size$
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
−3.51%
3d Period Avg+2.70%
LONG Hyperliquid · now
+10.96%
3d avg:+10.62%
SHORT RiseX · nowBTC-PERP
+7.45%
3d avg:+13.32%
Entry Spread Now
−0.072%
Against youL ask 63,049 · S bid 63,003.4−$7.23 at entry
24h range −0.08%…−0.03% · median −0.06%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
−$13.51
−0.14%
$Avg Daily PnL
+$0.54
+0.0054%
★Best Day
+$1.67
Aug 15
◎Open Interest
Hyperliquid$2.80B
RiseX$15.76M⚡Funding APR
+1.95%
annualized · funding only
⚠Execution Cost
−$15.65
entry + exit fees
⏱Payback
29.2d
to break even
◧24h Volume
Hyperliquid$238.22MRiseX$15.51MLoading 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 (−$15.65 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.