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updated 1:47:58 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.96%
3d Period Avg−9.69%
swing±8.36%
LONG Hyperliquid · now
+3.56%
3d avg:+9.62%
SHORT Extended · now
+10.52%
3d avg:−0.07%
Entry Spread Now
−0.041%
Against youL ask 2,460.4 · S bid 2,459.4−$4.06 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
−$22.78
−0.23%
$Avg Daily PnL
−$1.99
−0.0199%
★Best Day
−$0.11
Sep 10
◎Open Interest
Hyperliquid$2.40B
Extended$31.73M⚡Funding APR
−7.27%
annualized · funding only
⚠Execution Cost
−$14.82
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$1.31BExtended$68.74MLoading 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 (−$14.82 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.