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updated 11:59:51 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+39.72%
3d Period Avg+29.88%
LONG Hyperliquid · now
−47.42%
3d avg:−19.91%
SHORT Binance Futures · now
−7.70%
3d avg:+9.97%
Entry Spread Now
+0.363%
In your favorL 0.006619 · S 0.006643+$36.26 if it converges
24h range −3.78%…+8.23% · median +0.28%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$4.33
+0.04%
$Avg Daily PnL
+$5.83
+0.0583%
★Best Day
+$19.85
Aug 16
◎Open Interest
Hyperliquid$1.44M
Binance Futures$11.28M⚡Funding APR
+21.29%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
3.3d
to break even
◧24h Volume
Hyperliquid$8.27MBinance Futures$475.76MLoading 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.