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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 ~2.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+29.83%
7d Period Avg+20.43%
swing±18.11%
LONG Hyperliquid · now
+3.49%
7d avg:+7.06%
SHORT Hibachi · nowBTC/USDT-P
+33.31%
7d avg:+27.49%
Entry Spread Now
+0.018%
In your favorL ask 80,992 · S bid 81,007+$1.85 at entry
24h range −0.03%…+0.05% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
+$20.06
+0.20%
$Avg Daily PnL
+$5.56
+0.0556%
★Best Day
+$9.67
Oct 16
◎Open Interest
Hyperliquid$3.34B
Hibachi$945.0K⚡Funding APR
+20.29%
annualized · funding only
⚠Execution Cost
−$18.85
entry + exit fees
⏱Payback
3.4d
to break even
◧24h Volume
Hyperliquid$678.66MHibachi$14.39MLoading 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 (−$18.85 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.