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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+18.58%
swing±33.79%
LONG Hyperliquid · now
+10.96%
3d avg:−9.68%
SHORT Binance Futures · now
+10.96%
3d avg:+8.90%
Entry Spread Now
−0.019%
NeutralL 3.1376 · S 3.1370
24h range −0.34%…+0.52% · median −0.03%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$7.97
−0.08%
$Avg Daily PnL
+$5.33
+0.0533%
★Best Day
+$7.74
Oct 15
◎Open Interest
Hyperliquid$130.41M
Binance Futures$48.43M⚡Funding APR
+19.46%
annualized · funding only
⚠Execution Cost
−$23.97
entry + exit fees
⏱Payback
4.5d
to break even
◧24h Volume
Hyperliquid$9.30MBinance Futures$28.16MLoading 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 (−$23.97 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.