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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 ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+11.06%
7d Period Avg+10.81%
swing±24.33%
LONG Hyperliquid · now
−0.11%
7d avg:−0.99%
SHORT Binance Futures · now
+10.96%
7d avg:+9.82%
Entry Spread Now
+0.294%
In your favorL 3.1049 · S 3.1140+$29.41 if it converges
24h range −0.34%…+0.24% · median −0.03%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$10.61
−0.11%
$Avg Daily PnL
+$3.15
+0.0315%
★Best Day
+$7.74
Oct 15
◎Open Interest
Hyperliquid$128.87M
Binance Futures$47.90M⚡Funding APR
+11.49%
annualized · funding only
⚠Execution Cost
−$32.65
entry + exit fees
⏱Payback
10.4d
to break even
◧24h Volume
Hyperliquid$8.37MBinance Futures$26.80MLoading 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 (−$32.65 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.