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updated 10:02:45 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.01%
3d Period Avg+9.83%
swing±7.30%
LONG Hyperliquid · now
+10.76%
3d avg:+6.63%
SHORT Reya · nowETHRUSDPERP
+20.77%
3d avg:+16.46%
Entry Spread Now
−0.092%
Against youL 2,437.41 · S 2,435.17−$9.20 if it converges
24h range −0.20%…+0.03% · median −0.09%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
−$7.20
−0.07%
$Avg Daily PnL
+$2.05
+0.0205%
★Best Day
+$2.66
Sep 15
◎Open Interest
Hyperliquid$2.36B
Reya$3.31M⚡Funding APR
+7.49%
annualized · funding only
⚠Execution Cost
−$15.41
entry + exit fees
⏱Payback
7.5d
to break even
◧24h Volume
Hyperliquid$1.50BReya$816.4KLoading 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 (−$15.41 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.