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updated 4:34:15 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−50.15%
3d Period Avg+26.87%
LONG trade[XYZ] · nowxyz:BX
+61.10%
3d avg:−15.91%
SHORT Gate.io · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.124%
Eaten by executionL 144.8000 · S 144.6200−$12.43 if it converges
24h range −0.11%…+0.12% · median +0.05%
Long pays every1hShort pays every8h
LONGmaker0.030%/taker0.090%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$14.32
−0.14%
$Avg Daily PnL
+$3.42
+0.0342%
★Best Day
+$6.53
Aug 15
◎Open Interest
![trade[XYZ]](/icons/exchanges/hyperliquid.jpg){kind=icon}
trade[XYZ]$571.8K
Gate.io$771.8K⚡Funding APR
+12.48%
annualized · funding only
⚠Execution Cost
−$28.00
entry + exit fees
⏱Payback
8.2d
to break even
◧24h Volume
trade[XYZ]$14.2KGate.io$2.1KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$28.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.