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updated —Funding Arbitrage Backtester
Size per leg$
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
+0.00%
3d Period Avg+55.48%
swing±70.86%
LONG Variational · now
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
+10.96%
3d avg:+66.44%
Entry Spread Now
−0.079%
Against youL 0.6417 · S 0.6411−$7.95 if it converges
24h range −1.66%…+1.69% · median +0.22%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$35.12
+0.35%
$Avg Daily PnL
+$14.71
+0.1471%
★Best Day
+$20.22
Sep 26
◎Open Interest
Variational$2.79M
Hyperliquid$16.04M⚡Funding APR
+53.68%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
14.6h
to break even
◧24h Volume
Variational$223.2KHyperliquid$11.09MLoading 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 (−$9.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.