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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 ~1.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+30.73%
3d Period Avg+47.91%
swing±31.95%
LONG Variational · now
−19.77%
3d avg:−10.91%
SHORT Hyperliquid · now
+10.96%
3d avg:+37.00%
Entry Spread Now
−0.650%
Against youL 3.1466 · S 3.1262−$64.97 if it converges
24h range −0.60%…+0.61% · median +0.11%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$28.97
+0.29%
$Avg Daily PnL
+$12.66
+0.1266%
★Best Day
+$16.97
Sep 26
◎Open Interest
Variational$1.28M
Hyperliquid$2.43M⚡Funding APR
+46.20%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
17.0h
to break even
◧24h Volume
Variational$69.0KHyperliquid$2.76MLoading 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 (−$9.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.