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updated 9:30:17 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~14d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.48%
3d Period Avg+5.48%
LONG Hotcoin · now
+5.48%
3d avg:+5.48%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.218%
In your favorL 0.008274 · S 0.008292+$21.75 if it converges
24h range −0.13%…+0.35% · median +0.13%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$16.50
−0.16%
$Avg Daily PnL
+$1.13
+0.0113%
★Best Day
+$1.50
Aug 15
◎Open Interest
Hotcoin$99.3K
Hyperliquid$389.7K⚡Funding APR
+4.11%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
18.7d
to break even
◧24h Volume
Hotcoin—Hyperliquid$220.3KLoading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.