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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 ~9.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.00%
3d Period Avg−1.98%
swing±4.36%
LONG Hotcoin · now
+2.96%
3d avg:+12.94%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.381%
Against youL 58.8100 · S 58.5860−$38.09 if it converges
24h range −0.63%…+0.94% · median +0.04%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$22.44
−0.22%
$Avg Daily PnL
−$0.48
−0.0048%
★Best Day
+$0.63
Sep 29
◎Open Interest
⚡Funding APR
−1.75%
annualized · funding only
⚠Execution Cost
−$21.00
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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.