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updated 4:19:22 PMFunding 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
−77.69%
3d Period Avg+12.69%
swing±83.42%
LONG trade[XYZ] · nowxyz:CXMT
+77.69%
3d avg:−14.37%
SHORT Aster · now
+0.00%
3d avg:−1.68%
Entry Spread Now
−0.112%
Eaten by executionL 8.0201 · S 8.0111−$11.16 if it converges
24h range −0.32%…+1.21% · median +0.23%
Long pays every1hShort pays every8h
LONGmaker0.030%/taker0.090%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
−$20.88
−0.21%
$Avg Daily PnL
+$4.79
+0.0479%
★Best Day
+$11.97
Sep 14
◎Open Interest
![trade[XYZ]](/icons/exchanges/hyperliquid.jpg){kind=icon}
trade[XYZ]$54.32M
Aster$210.5K⚡Funding APR
+17.50%
annualized · funding only
⚠Execution Cost
−$40.05
entry + exit fees
⏱Payback
8.3d
to break even
◧24h Volume
trade[XYZ]$5.30MAster$21.2KLoading 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 (−$40.05 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.