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updated 3:34:17 PMFunding 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
+0.00%
3d Period Avg+0.27%
swing±2.43%
LONG Hyperliquid · now
+10.96%
3d avg:+9.71%
SHORT NADO · nowBTC-PERP
+10.96%
3d avg:+9.98%
Entry Spread Now
−0.054%
Against youL ask 80,780 · S bid 80,736−$5.45 at entry
24h range −0.18%…+0.16% · median −0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.035%
Loading Funding History…
↗Total PnL
−$16.02
−0.16%
$Avg Daily PnL
+$0.06
+0.0006%
★Best Day
+$0.20
Sep 16
◎Open Interest
Hyperliquid$3.28B
NADO$23.47M⚡Funding APR
+0.20%
annualized · funding only
⚠Execution Cost
−$16.24
entry + exit fees
⏱Payback
9.8mo
to break even
◧24h Volume
Hyperliquid$3.24BNADO$144.73MLoading 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 (−$16.24 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.