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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β5.47%
7d Period Avgβ1.02%
swingΒ±6.14%
LONG Arcus Β· now
+10.96%
7d avg:+9.77%
SHORT Hyperliquid Β· now
+5.48%
7d avg:+8.75%
Entry Spread Now
+0.053%
In your favorL ask 82,965.4 Β· S bid 83,009+$5.26 at entry
24h range β0.00%β¦+0.07% Β· median +0.03%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.022%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$15.57
β0.16%
$Avg Daily PnL
β$0.28
β0.0028%
β
Best Day
+$1.04
Oct 5
βOpen Interest
Arcus$20.25M
Hyperliquid$1.58Bβ‘Funding APR
β1.01%
annualized Β· funding only
β Execution Cost
β$13.63
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Arcus$87.93MHyperliquid$802.25MLoading Cumulative PnLβ¦
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 (β$13.63 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.