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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 ~1.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+74.42%
3d Period Avg+7.76%
swing±22.57%
LONG Hyperliquid · now
−39.27%
3d avg:+0.91%
SHORT Hotcoin · now
+35.15%
3d avg:+8.67%
Entry Spread Now
−0.018%
NeutralL 1.0943 · S 1.0941
24h range −0.99%…+0.66% · median −0.03%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$15.94
−0.16%
$Avg Daily PnL
+$1.26
+0.0126%
★Best Day
+$3.78
Sep 23
◎Open Interest
⚡Funding APR
+4.62%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
16.6d
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.