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updated 9:58:23 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−3.07%
3d Period Avg−9.71%
swing±12.96%
LONG Hyperliquid · now
+10.96%
3d avg:+8.87%
SHORT Hibachi · nowBTC/USDT-P
+7.89%
3d avg:−0.84%
Entry Spread Now
+0.030%
In your favorL ask 79,848 · S bid 79,872.2+$3.03 at entry
24h range −0.00%…+0.07% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
−$25.96
−0.26%
$Avg Daily PnL
−$1.93
−0.0193%
★Best Day
+$1.70
Sep 3
◎Open Interest
Hyperliquid$2.80B
Hibachi$757.2K⚡Funding APR
−7.05%
annualized · funding only
⚠Execution Cost
−$18.24
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$891.53MHibachi$6.34MLoading 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 (−$18.24 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.