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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+37.97%
3d Period Avg−9.54%
swing±36.96%
LONG Hyperliquid · now
+10.96%
3d avg:+6.12%
SHORT Perpl · now
+48.93%
3d avg:−3.42%
Entry Spread Now
−0.027%
Against youL ask 84,287 · S bid 84,264.2−$2.71 at entry
24h range −0.08%…+0.06% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.050%/taker0.088%
Loading Funding History…
↗Total PnL
−$28.37
−0.28%
$Avg Daily PnL
−$2.74
−0.0274%
★Best Day
+$4.67
Sep 30
◎Open Interest
⚡Funding APR
−10.02%
annualized · funding only
⚠Execution Cost
−$20.14
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 (−$20.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.