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updated 11:40:37 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+1.86%
LONG Hyperliquid · now
+10.96%
3d avg:+9.07%
SHORT Extended · now
+11.40%
3d avg:+10.93%
Entry Spread Now
−0.097%
Against youL ask 1,950.2 · S bid 1,948.3−$9.74 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
−$13.49
−0.13%
$Avg Daily PnL
+$0.51
+0.0051%
★Best Day
+$1.31
Jul 25
◎Open Interest
Hyperliquid$2.06B
Extended$31.92M⚡Funding APR
+1.86%
annualized · funding only
⚠Execution Cost
−$15.02
entry + exit fees
⏱Payback
29.4d
to break even
◧24h Volume
Hyperliquid$467.25MExtended$55.09MLoading 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 (−$15.02 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.