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updated 6:06:57 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Net Funding APR · Now
+39.99%
3d Avg—
LONG KuCoin
−29.04%
3d: —
SHORT Hyperliquid
+10.96%
3d: —
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$5.23
+0.05%
$Avg Daily PnL
+$6.56
+0.0656%
★Best Day
+$9.33
May 16
◎Open Interest
KuCoin$709.3K
Hyperliquid$1.95M⚡APR
+4.77%
annualized
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
3.2d
to break even
◧24h Volume
KuCoin$152.7KHyperliquid$165.5KLoading 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.