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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
−16.31%
7d Period Avg−1.00%
swing±6.58%
LONG Hyperliquid · now
+10.96%
7d avg:+10.03%
SHORT BULK · now
−5.36%
7d avg:+9.03%
Entry Spread Now
−0.097%
Against youL ask 77,584 · S bid 77,508.43−$9.74 at entry
24h range −0.79%…+0.30% · median −0.13%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.035%
Loading Funding History…
↗Total PnL
−$18.13
−0.18%
$Avg Daily PnL
−$0.29
−0.0029%
★Best Day
+$0.54
Oct 25
◎Open Interest
Hyperliquid$3.18B
BULK$4.04M⚡Funding APR
−1.04%
annualized · funding only
⚠Execution Cost
−$16.13
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$2.43BBULK$11.09MLoading 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 (−$16.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.