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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 ~123d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+3.01%
swing±4.81%
LONG Hyperliquid · now
+10.96%
3d avg:+7.59%
SHORT Extended · now
+11.40%
3d avg:+10.60%
Entry Spread Now
−0.135%
Against youL ask 2,363.1 · S bid 2,359.9−$13.54 at entry
24h range −0.89%…+0.24% · median −0.13%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$12.36
−0.12%
$Avg Daily PnL
+$0.83
+0.0083%
★Best Day
+$1.44
Oct 24
◎Open Interest
Hyperliquid$2.62B
Extended$13.98M⚡Funding APR
+3.01%
annualized · funding only
⚠Execution Cost
−$14.84
entry + exit fees
⏱Payback
18.0d
to break even
◧24h Volume
Hyperliquid$878.73MExtended$24.43MLoading 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 (−$14.84 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.