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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 ~5.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+13.54%
3d Period Avg+12.10%
swing±8.18%
LONG Binance Futures · now
−2.59%
3d avg:−3.50%
SHORT Hyperliquid · now
+10.96%
3d avg:+8.60%
Entry Spread Now
+0.000%
NeutralL 0.001955 · S 0.001955
24h range −0.61%…+0.36% · median −0.05%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$9.12
−0.09%
$Avg Daily PnL
+$3.29
+0.0329%
★Best Day
+$3.90
Oct 15
◎Open Interest
Binance Futures$4.40M
Hyperliquid$496.5K⚡Funding APR
+12.02%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
5.8d
to break even
◧24h Volume
Binance Futures$9.24MHyperliquid$116.6KLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.