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updated —BTC Funding 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
−3.68%
3d Period Avg+1.58%
swing±5.88%
LONG Hyperliquid · now
+6.89%
3d avg:+4.64%
SHORT Toobit · nowBTC-SWAP-USDT
+3.21%
3d avg:+6.22%
Entry Spread Now
+0.013%
In your favorL ask 67,237 · S bid 67,245.7+$1.29 at entry
24h range −0.16%…+0.22% · median +0.00%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$21.68
−0.22%
$Avg Daily PnL
−$0.09
−0.0009%
★Best Day
+$0.86
Nov 14
◎Open Interest
Hyperliquid$2.57B
Toobit$1.77B⚡Funding APR
−0.32%
annualized · funding only
⚠Execution Cost
−$21.42
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$3.85BToobit$4.52BLoading 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 (−$21.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.