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updated 1:49:28 AMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+2.00%
LONG Hyperliquid · now
+10.96%
3d avg:+9.07%
SHORT Extended · now
+11.40%
3d avg:+11.07%
Entry Spread Now
−0.103%
Against youL ask 1,944.8 · S bid 1,942.8−$10.28 at entry
24h range −0.30%…+0.01% · median −0.10%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$13.39
−0.13%
$Avg Daily PnL
+$0.41
+0.0041%
★Best Day
+$1.31
Jul 25
◎Open Interest
Hyperliquid$2.05B
Extended$31.90M⚡Funding APR
+1.50%
annualized · funding only
⚠Execution Cost
−$15.03
entry + exit fees
⏱Payback
1.2mo
to break even
◧24h Volume
Hyperliquid$544.02MExtended$60.23MLoading 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 (−$15.03 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.