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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 ~2.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+25.02%
3d Period Avg+0.20%
swing±26.38%
LONG Binance Futures · now
−14.07%
3d avg:−10.03%
SHORT Hyperliquid · now
+10.96%
3d avg:−9.83%
Entry Spread Now
+0.085%
Eaten by executionL 0.3148 · S 0.3150+$8.46 if it converges
24h range −1.22%…+1.92% · median +0.01%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$18.84
−0.19%
$Avg Daily PnL
+$0.05
+0.0005%
★Best Day
+$3.44
Oct 13
◎Open Interest
⚡Funding APR
+0.19%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
12.0mo
to break even
◧24h Volume
Loading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.