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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~6.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.52%
7d Period Avg+2.35%
swing±4.38%
LONG Hyperliquid · now
−5.66%
7d avg:+8.57%
SHORT Arcus · now
+2.86%
7d avg:+10.92%
Entry Spread Now
−0.072%
Against youL ask 2,506.8 · S bid 2,504.99−$7.22 at entry
24h range −0.10%…−0.00% · median −0.04%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.022%
Loading Funding History…
↗Total PnL
−$10.32
−0.10%
$Avg Daily PnL
+$0.65
+0.0065%
★Best Day
+$1.90
Oct 9
◎Open Interest
Hyperliquid$1.42B
Arcus$6.91M⚡Funding APR
+2.37%
annualized · funding only
⚠Execution Cost
−$14.86
entry + exit fees
⏱Payback
22.9d
to break even
◧24h Volume
Hyperliquid$434.16MArcus$17.40MLoading 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 (−$14.86 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.