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updated 7:22:41 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~17d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
3d Period Avg+10.96%
LONG trade[XYZ] · nowxyz:JPY
+0.00%
3d avg:+0.00%
SHORT Pacifica · nowUSDJPY
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.013%
Against youL ask 159.4500 · S bid 159.4300−$1.25 at entry
24h range −0.01%…+0.08% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0.030%/taker0.090%SHORTmaker0.015%/taker0.040%
Loading Funding History…
↗Total PnL
−$41.87
−0.42%
$Avg Daily PnL
+$2.25
+0.0225%
★Best Day
+$3.00
Aug 15
◎Open Interest
![trade[XYZ]](/icons/exchanges/hyperliquid.jpg){kind=icon}
trade[XYZ]$18.28M
Pacifica$92.3K⚡Funding APR
+8.21%
annualized · funding only
⚠Execution Cost
−$50.87
entry + exit fees
⏱Payback
22.6d
to break even
◧24h Volume
trade[XYZ]$2.04MPacifica$14.1KLoading 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 (−$50.87 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.