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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
β16.31%
3d Period Avgβ0.47%
swingΒ±7.89%
LONG Hyperliquid Β· now
+10.96%
3d avg:+1.44%
SHORT TxFlow Β· now
β5.35%
3d avg:+0.97%
Entry Spread Now
β0.105%
Against youL ask 83,988 Β· S bid 83,899.4β$10.55 at entry
24h range β0.20%β¦β0.01% Β· median β0.09%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$18.60
β0.19%
$Avg Daily PnL
β$0.16
β0.0016%
β
Best Day
+$0.54
Oct 11
βOpen Interest
Hyperliquid$3.21B
TxFlow$7.92Mβ‘Funding APR
β0.58%
annualized Β· funding only
β Execution Cost
β$18.13
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$1.52BTxFlow$71.01MLoading 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$18.13 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.