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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~118d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
7d Period Avg−1.97%
swing±8.22%
LONG Hyperliquid · now
+10.96%
7d avg:+7.90%
SHORT Extended · now
+11.40%
7d avg:+5.93%
Entry Spread Now
−0.097%
Against youL ask 84,287 · S bid 84,205−$9.73 at entry
24h range −0.16%…+0.08% · median −0.04%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$18.01
−0.18%
$Avg Daily PnL
−$0.54
−0.0054%
★Best Day
+$1.00
Sep 30
◎Open Interest
Hyperliquid$1.52B
Extended$18.40M⚡Funding APR
−1.96%
annualized · funding only
⚠Execution Cost
−$14.24
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$2.78BExtended$95.16MLoading 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 (−$14.24 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.