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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
−26.18%
7d Period Avg−0.97%
swing±20.73%
LONG Hyperliquid · now
+10.96%
7d avg:+4.54%
SHORT BULK · now
−15.23%
7d avg:+3.57%
Entry Spread Now
−0.113%
Against youL ask 2,246.5 · S bid 2,243.97−$11.26 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
−$18.40
−0.18%
$Avg Daily PnL
−$0.28
−0.0028%
★Best Day
+$2.40
Oct 29
◎Open Interest
Hyperliquid$2.20B
BULK$2.43M⚡Funding APR
−1.02%
annualized · funding only
⚠Execution Cost
−$16.45
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$628.12MBULK$3.45MLoading 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 (−$16.45 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.