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updated 2:11:18 PMFunding Arbitrage Backtester
Size$
R-trip cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+102.17%
7d Period Avg+113.91%
LONG Variational · now
−91.22%
7d avg:−102.82%
SHORT Hyperliquid · now
+10.96%
7d avg:+11.09%
Entry Spread Now
+0.139%
In your favorL 0.1295 · S 0.1296+$13.87 if it converges
24h range −0.28%…+1.38% · median +0.29%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$208.97
+2.09%
$Avg Daily PnL
+$27.25
+0.2725%
★Best Day
+$46.44
Jul 13
◎Open Interest
Variational$22.9K
Hyperliquid$1.81M⚡Funding APR
+99.45%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
7.9h
to break even
◧24h Volume
Variational$7.4KHyperliquid$160.5KLoading 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.