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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 ~2.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+157.62%
30d Period Avg+37.47%
swing±112.76%
LONG Hibachi · nowHYPE/USDT-P
−108.70%
30d avg:−35.76%
SHORT Perpl · now
+48.93%
30d avg:+1.71%
Entry Spread Now
+0.025%
In your favorL ask 93.9617 · S bid 93.9849+$2.47 at entry
24h range −0.91%…+1.60% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.045%SHORTmaker0.050%/taker0.088%
Loading Funding History…
↗Total PnL
+$215.58
+2.16%
$Avg Daily PnL
+$10.04
+0.1004%
★Best Day
+$75.09
Sep 18
◎Open Interest
Hibachi$186.0K
Perpl$57.3K⚡Funding APR
+36.64%
annualized · funding only
⚠Execution Cost
−$85.59
entry + exit fees
⏱Payback
8.5d
to break even
◧24h Volume
Hibachi$364.3KPerpl$255.6KLoading 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 (−$85.59 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.