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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+8.03%
swing±7.04%
LONG grvt · nowLINK_USDT_Perp
+10.96%
3d avg:−0.23%
SHORT Hyperliquid · now
+10.96%
3d avg:+7.80%
Entry Spread Now
−0.014%
Against youL ask 14.3530 · S bid 14.3510−$1.39 at entry
24h range −0.54%…+0.35% · median +0.01%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$19.33
−0.19%
$Avg Daily PnL
+$2.15
+0.0215%
★Best Day
+$3.06
Sep 28
◎Open Interest
⚡Funding APR
+7.86%
annualized · funding only
⚠Execution Cost
−$25.79
entry + exit fees
⏱Payback
12.0d
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 + live L2 orderbook slippage on both legs (−$25.79 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.