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updated 10:37:43 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+214.22%
30d Period Avg+2.46%
LONG Hyperliquid · now
−203.65%
30d avg:+6.75%
SHORT Binance Futures · now
+10.56%
30d avg:+9.21%
Entry Spread Now
+0.146%
In your favorL 0.008500 · S 0.008512+$14.61 if it converges
24h range −3.78%…+8.23% · median +0.19%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$1.47
+0.01%
$Avg Daily PnL
+$0.66
+0.0066%
★Best Day
+$17.24
Aug 16
◎Open Interest
Hyperliquid$1.76M
Binance Futures$17.82M⚡Funding APR
+2.41%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
28.8d
to break even
◧24h Volume
Hyperliquid$7.33MBinance Futures$403.06MLoading 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.