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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 ~1.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+135.80%
3d Period Avg−16.93%
swing±141.02%
LONG Aster · now
−124.85%
3d avg:+36.24%
SHORT Hyperliquid · now
+10.96%
3d avg:+19.31%
Entry Spread Now
+0.054%
Eaten by executionL 0.1666 · S 0.1666+$5.40 if it converges
24h range −1.16%…+2.05% · median +0.12%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.040%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$56.73
−0.57%
$Avg Daily PnL
−$4.57
−0.0457%
★Best Day
+$0.53
Oct 2
◎Open Interest
⚡Funding APR
−16.68%
annualized · funding only
⚠Execution Cost
−$43.02
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 + fees only (orderbook snapshot stale) on both legs (−$43.02 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.