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updated 10:21:02 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−6.13%
3d Period Avg−11.22%
LONG Hyperliquid · now
+4.06%
3d avg:+5.94%
SHORT Hotcoin · now
−2.07%
3d avg:−5.28%
Entry Spread Now
+0.010%
In your favorL ask 65,951 · S bid 65,957.7+$1.02 at entry
24h range −0.05%…+0.08% · median −0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$31.23
−0.31%
$Avg Daily PnL
−$2.52
−0.0252%
★Best Day
−$0.12
Jul 19
◎Open Interest
⚡Funding APR
−9.18%
annualized · funding only
⚠Execution Cost
−$21.17
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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 (−$21.17 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.