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updated 11:53:28 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.10%
3d Period Avg+4.26%
LONG Hyperliquid · now
+8.35%
3d avg:+6.34%
SHORT BloFin · now
+8.25%
3d avg:+10.60%
Entry Spread Now
−0.065%
Eaten by executionL 0.006189 · S 0.006185−$6.46 if it converges
24h range −1.25%…+1.51% · median −0.08%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$12.99
−0.13%
$Avg Daily PnL
+$2.00
+0.0200%
★Best Day
+$4.43
Aug 16
◎Open Interest
Hyperliquid$118.6K
BloFin$125.5K⚡Funding APR
+7.31%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
10.5d
to break even
◧24h Volume
Hyperliquid$205.0KBloFin$2.5KLoading 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.