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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 ~64d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.09%
7d Period Avg+2.22%
swing±21.17%
LONG Binance Futures · now
−21.50%
7d avg:−4.33%
SHORT Hyperliquid · now
−20.40%
7d avg:−2.11%
Entry Spread Now
+0.016%
NeutralL 0.3109 · S 0.3110
24h range −4.16%…+1.92% · median +0.01%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$14.14
−0.14%
$Avg Daily PnL
+$0.69
+0.0069%
★Best Day
+$3.85
Oct 13
◎Open Interest
Binance Futures$16.75M
Hyperliquid$10.15M⚡Funding APR
+2.53%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
27.4d
to break even
◧24h Volume
Binance Futures$33.50MHyperliquid$10.86MLoading 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.