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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 ~4.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+16.11%
1d Period Avg+25.02%
swing±8.32%
LONG NADO · nowLINK-PERP
−17.17%
1d avg:−19.13%
SHORT Hyperliquid · now
−1.06%
1d avg:+5.89%
Entry Spread Now
+0.021%
Eaten by executionL 11.9715 · S 11.9740+$2.09 if it converges
24h range −0.16%…+0.24% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.035%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$12.28
−0.12%
$Avg Daily PnL
+$6.85
+0.0685%
★Best Day
+$6.85
Oct 18
◎Open Interest
NADO$105.7K
Hyperliquid$55.28M⚡Funding APR
+25.00%
annualized · funding only
⚠Execution Cost
−$19.13
entry + exit fees
⏱Payback
2.8d
to break even
◧24h Volume
NADO$47.0KHyperliquid$9.14MLoading 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 (−$19.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.