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updated 4:34:01 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~14d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.30%
3d Period Avg+5.27%
LONG trade[XYZ] · nowxyz:LLY
+3.66%
3d avg:+5.69%
SHORT Gate.io · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.078%
Eaten by executionL 1,180.2 · S 1,181.12+$7.80 if it converges
24h range −0.09%…+0.14% · median +0.01%
Long pays every1hShort pays every8h
LONGmaker0.030%/taker0.090%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$17.78
−0.18%
$Avg Daily PnL
+$2.55
+0.0255%
★Best Day
+$5.15
Aug 14
◎Open Interest
![trade[XYZ]](/icons/exchanges/hyperliquid.jpg){kind=icon}
trade[XYZ]$4.47M
Gate.io$554.1K⚡Funding APR
+9.32%
annualized · funding only
⚠Execution Cost
−$28.00
entry + exit fees
⏱Payback
11.0d
to break even
◧24h Volume
trade[XYZ]$133.5KGate.io$105.2KLoading 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 (−$28.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.