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updated —BTC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.54%
3d Period Avg+4.23%
swing±4.77%
LONG Hyperliquid · now
−6.68%
3d avg:+6.59%
SHORT ApeX · now
+3.86%
3d avg:+10.82%
Entry Spread Now
+0.025%
In your favorL ask 62,333 · S bid 62,348.5+$2.49 at entry
24h range −0.30%…+0.41% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$18.08
−0.18%
$Avg Daily PnL
+$1.14
+0.0114%
★Best Day
+$1.85
Nov 14
◎Open Interest
Hyperliquid$2.32B
ApeX$50.01M⚡Funding APR
+4.16%
annualized · funding only
⚠Execution Cost
−$21.50
entry + exit fees
⏱Payback
18.8d
to break even
◧24h Volume
Hyperliquid$6.93BApeX$245.32MLoading 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 (−$21.50 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.