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updated 3:32:38 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.62%
1d Period Avg+21.17%
swing±24.63%
LONG Hyperliquid · now
−20.23%
1d avg:−9.77%
SHORT Extended · now
+11.40%
1d avg:+11.40%
Entry Spread Now
−0.112%
Against youL 0.1304 · S 0.1303−$11.17 if it converges
24h range −0.61%…+0.32% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$8.20
−0.08%
$Avg Daily PnL
+$2.90
+0.0290%
★Best Day
+$5.56
Sep 14
◎Open Interest
Hyperliquid$802.5K
Extended$998⚡Funding APR
+10.58%
annualized · funding only
⚠Execution Cost
−$14.00
entry + exit fees
⏱Payback
4.8d
to break even
◧24h Volume
Hyperliquid$156.3KExtended$136.1KLoading 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 (−$14.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.