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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 ~85d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.82%
3d Period Avg−5.20%
swing±4.63%
LONG Hyperliquid · now
+3.63%
3d avg:+9.86%
SHORT Binance Futures · now
+4.45%
3d avg:+4.66%
Entry Spread Now
−0.015%
Against youL ask 80,983 · S bid 80,970.8−$1.51 at entry
24h range −0.07%…+0.06% · median −0.00%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$23.09
−0.23%
$Avg Daily PnL
−$1.32
−0.0132%
★Best Day
−$0.25
Oct 14
◎Open Interest
Hyperliquid$3.35B
Binance Futures$7.64B⚡Funding APR
−4.82%
annualized · funding only
⚠Execution Cost
−$19.13
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$682.77MBinance Futures$3.37BLoading 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 (−$19.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.