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updated —FET Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+33.84%
30d Period Avg+9.41%
swing±22.53%
LONG WOOFi Pro · nowPERP_FET_USDC
−22.88%
30d avg:−1.45%
SHORT Hyperliquid · now
+10.96%
30d avg:+7.96%
Entry Spread Now
+0.208%
In your favorL 0.1391 · S 0.1394+$20.85 if it converges
24h range −1.02%…+0.70% · median +0.12%
Long pays every8hShort pays every1h
LONGmaker0%/taker0.030%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$63.50
+0.64%
$Avg Daily PnL
+$2.62
+0.0262%
★Best Day
+$7.87
Nov 6
◎Open Interest
WOOFi Pro$14.4K
Hyperliquid$5.04M⚡Funding APR
+9.55%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
5.7d
to break even
◧24h Volume
WOOFi Pro$486.9KHyperliquid$1.29MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$15.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.