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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 ~2.5d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+127.07%
3d Period Avg+76.45%
swing±66.56%
LONG Hibachi · nowHYPE/USDT-P
−114.83%
3d avg:−71.07%
SHORT Perpl · now
+12.23%
3d avg:+5.38%
Entry Spread Now
−0.048%
Against youL ask 93.7334 · S bid 93.6888−$4.76 at entry
24h range −0.91%…+1.60% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.045%SHORTmaker0.050%/taker0.088%
Loading Funding History…
↗Total PnL
−$27.78
−0.28%
$Avg Daily PnL
+$14.97
+0.1497%
★Best Day
+$24.38
Sep 22
◎Open Interest
Hibachi$185.0K
Perpl$55.5K⚡Funding APR
+54.62%
annualized · funding only
⚠Execution Cost
−$87.64
entry + exit fees
⏱Payback
5.9d
to break even
◧24h Volume
Hibachi$371.6KPerpl$262.9KLoading 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 (−$87.64 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.