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updated 3:00:23 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~8.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.32%
3d Period Avg−9.73%
swing±8.49%
LONG Hyperliquid · now
+5.07%
3d avg:+9.51%
SHORT Extended · now
+11.40%
3d avg:−0.22%
Entry Spread Now
−0.032%
Against youL ask 2,473.2 · S bid 2,472.4−$3.23 at entry
24h range −0.21%…+0.04% · median −0.04%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$22.68
−0.23%
$Avg Daily PnL
−$1.97
−0.0197%
★Best Day
−$0.04
Sep 10
◎Open Interest
Hyperliquid$2.38B
Extended$31.87M⚡Funding APR
−7.19%
annualized · funding only
⚠Execution Cost
−$14.80
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$1.32BExtended$69.22MLoading 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 (−$14.80 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.