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updated 4:52:33 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+27.83%
3d Period Avg+13.12%
swing±19.02%
LONG Hyperliquid · now
−16.43%
3d avg:−1.72%
SHORT Extended · now
+11.40%
3d avg:+11.40%
Entry Spread Now
−0.017%
NeutralL 0.1312 · S 0.1312
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
−$3.23
−0.03%
$Avg Daily PnL
+$2.69
+0.0269%
★Best Day
+$5.93
Sep 14
◎Open Interest
Hyperliquid$805.6K
Extended$1.0K⚡Funding APR
+9.83%
annualized · funding only
⚠Execution Cost
−$14.00
entry + exit fees
⏱Payback
5.2d
to break even
◧24h Volume
Hyperliquid$158.0KExtended$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.