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updated —ETH Funding 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
−31.22%
3d Period Avg−3.98%
swing±31.38%
LONG Hyperliquid · now
+10.96%
3d avg:−1.09%
SHORT BULK · now
−20.26%
3d avg:−5.07%
Entry Spread Now
−0.098%
Against youL ask 2,248 · S bid 2,245.81−$9.75 at entry
24h range −0.90%…+0.35% · median −0.11%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.035%
Loading Funding History…
↗Total PnL
−$19.66
−0.20%
$Avg Daily PnL
−$1.07
−0.0107%
★Best Day
+$2.40
Oct 29
◎Open Interest
Hyperliquid$2.20B
BULK$2.46M⚡Funding APR
−3.92%
annualized · funding only
⚠Execution Cost
−$16.44
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$557.29MBULK$3.38MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$16.44 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.