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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 ~17d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.67%
3d Period Avg+27.91%
swing±9.09%
LONG NADO · nowLINK-PERP
−11.18%
3d avg:−23.43%
SHORT Hyperliquid · now
−5.51%
3d avg:+4.48%
Entry Spread Now
−0.025%
Against youL ask 12.0780 · S bid 12.0750−$2.48 at entry
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
−$2.92
−0.03%
$Avg Daily PnL
+$7.64
+0.0764%
★Best Day
+$8.21
Oct 16
◎Open Interest
NADO$106.2K
Hyperliquid$55.65M⚡Funding APR
+27.89%
annualized · funding only
⚠Execution Cost
−$25.84
entry + exit fees
⏱Payback
3.4d
to break even
◧24h Volume
NADO$46.2KHyperliquid$9.40MLoading 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 (−$25.84 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.