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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 ~395d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+4.08%
swing±7.51%
LONG Hyperliquid · now
+10.96%
3d avg:+7.32%
SHORT Extended · now
+11.40%
3d avg:+11.40%
Entry Spread Now
+0.073%
In your favorL ask 1.5152 · S bid 1.5163+$7.26 at entry
24h range −0.61%…+0.79% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$44.28
−0.44%
$Avg Daily PnL
+$1.12
+0.0112%
★Best Day
+$1.58
Oct 2
◎Open Interest
Hyperliquid$24.02M
Extended$412.5K⚡Funding APR
+4.07%
annualized · funding only
⚠Execution Cost
−$47.63
entry + exit fees
⏱Payback
1.4mo
to break even
◧24h Volume
Hyperliquid$12.40MExtended$74.3KLoading 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 (−$47.63 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.