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updated —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
−0.14%
7d Period Avg+1.38%
swing±8.54%
LONG Bullet · now
+10.16%
7d avg:+5.46%
SHORT Hyperliquid · now
+10.02%
7d avg:+6.84%
Entry Spread Now
−0.002%
NeutralL ask 83,639 · S bid 83,637
24h range −0.05%…+0.01% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.040%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$15.68
−0.16%
$Avg Daily PnL
+$0.38
+0.0038%
★Best Day
+$2.46
Oct 8
◎Open Interest
Bullet$697.8K
Hyperliquid$3.18B⚡Funding APR
+1.38%
annualized · funding only
⚠Execution Cost
−$18.32
entry + exit fees
⏱Payback
1.6mo
to break even
◧24h Volume
Bullet$4.78MHyperliquid$1.19BLoading 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 (−$18.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.