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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β16.69%
3d Period Avgβ11.74%
swingΒ±11.65%
LONG Hyperliquid Β· now
+10.96%
3d avg:+10.28%
SHORT Hotcoin Β· now
β5.73%
3d avg:β1.46%
Entry Spread Now
β0.012%
Against youL ask 82,730 Β· S bid 82,720.4β$1.16 at entry
24h range β0.30%β¦+0.11% Β· median β0.02%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding Historyβ¦
βTotal PnL
β$29.65
β0.30%
$Avg Daily PnL
β$2.84
β0.0284%
β
Best Day
+$0.82
Oct 18
βOpen Interest
Hyperliquid$3.40B
Hotcoin$553.38Mβ‘Funding APR
β10.37%
annualized Β· funding only
β Execution Cost
β$21.13
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$2.61BHotcoin$2.69BLoading Cumulative PnLβ¦
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 (β$21.13 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.