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updated 9:15:59 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+33.76%
1d Period Avg+0.21%
swing±54.45%
LONG Hibachi · nowHYPE/USDT-P
+4.38%
1d avg:+28.12%
SHORT RiseX · nowHYPE-PERP
+38.14%
1d avg:+28.33%
Entry Spread Now
−0.431%
Against youL ask 80.7477 · S bid 80.4000−$43.06 at entry
24h range −0.70%…+0.78% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.045%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
−$97.28
−0.97%
$Avg Daily PnL
+$0.03
+0.0003%
★Best Day
+$3.84
Sep 17
◎Open Interest
Hibachi$112.9K
RiseX$2.76M⚡Funding APR
+0.10%
annualized · funding only
⚠Execution Cost
−$97.34
entry + exit fees
⏱Payback
114.2mo
to break even
◧24h Volume
Hibachi$148.0KRiseX$5.56MLoading 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 (−$97.34 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.