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updated 6:31:40 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~84d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.79%
3d Period Avg−2.77%
swing±3.79%
LONG Hyperliquid · now
+10.17%
3d avg:+10.51%
SHORT TxFlow · now
+10.96%
3d avg:+7.74%
Entry Spread Now
+0.013%
In your favorL ask 77,387 · S bid 77,396.9+$1.28 at entry
24h range −0.08%…+0.07% · median −0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$20.50
−0.21%
$Avg Daily PnL
−$0.59
−0.0059%
★Best Day
+$0.06
Aug 29
◎Open Interest
Hyperliquid$2.83B
TxFlow$4.91M⚡Funding APR
−2.14%
annualized · funding only
⚠Execution Cost
−$18.16
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$3.78BTxFlow$33.06MLoading 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 (−$18.16 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.