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updated 10:37:11 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~119d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
7d Period Avg−0.92%
LONG Hyperliquid · now
+10.96%
7d avg:+9.14%
SHORT Extended · now
+11.40%
7d avg:+8.22%
Entry Spread Now
−0.122%
Against youL ask 62,981 · S bid 62,904−$12.23 at entry
24h range −0.14%…−0.10% · median −0.12%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$16.09
−0.16%
$Avg Daily PnL
−$0.22
−0.0022%
★Best Day
+$0.58
Aug 11
◎Open Interest
Hyperliquid$2.80B
Extended$57.78M⚡Funding APR
−0.81%
annualized · funding only
⚠Execution Cost
−$14.32
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$234.49MExtended$38.07MLoading 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 (−$14.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.