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updated —Funding 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+4.47%
swing±5.25%
LONG Hyperliquid · now
+10.96%
3d avg:+6.08%
SHORT StandX · now
+10.96%
3d avg:+10.55%
Entry Spread Now
+0.001%
NeutralL ask 83,659 · S bid 83,660
24h range −0.06%…+0.07% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
−$18.12
−0.18%
$Avg Daily PnL
+$1.21
+0.0121%
★Best Day
+$1.49
Sep 28
◎Open Interest
⚡Funding APR
+4.42%
annualized · funding only
⚠Execution Cost
−$21.76
entry + exit fees
⏱Payback
18.0d
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 (−$21.76 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.