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updated 8:16:38 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+37.97%
3d Period Avg+22.50%
LONG Hyperliquid · now
+10.96%
3d avg:+10.48%
SHORT Perpl · now
+48.93%
3d avg:+32.98%
Entry Spread Now
−0.025%
Against youL ask 63,041 · S bid 63,025.1−$2.52 at entry
24h range −0.04%…+0.03% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.050%/taker0.088%
Loading Funding History…
↗Total PnL
−$7.05
−0.07%
$Avg Daily PnL
+$2.73
+0.0273%
★Best Day
+$3.64
Aug 15
◎Open Interest
Hyperliquid$2.80B
Perpl$2.46M⚡Funding APR
+9.97%
annualized · funding only
⚠Execution Cost
−$17.98
entry + exit fees
⏱Payback
6.6d
to break even
◧24h Volume
Hyperliquid$264.44MPerpl$69.05MLoading 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 (−$17.98 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.