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updated 8:03:37 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−40.75%
3d Period Avg−1.92%
LONG trade[XYZ] · nowxyz:LLY
+40.75%
3d avg:+1.92%
SHORT Toobit · nowLLY-SWAP-USDT
+0.00%
3d avg:+0.00%
Entry Spread Now
+0.127%
Eaten by executionL 1,184.7 · S 1,186.2+$12.66 if it converges
24h range +0.01%…+0.26% · median +0.09%
Long pays every1hShort pays every8h
LONGmaker0.030%/taker0.090%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$32.41
−0.32%
$Avg Daily PnL
−$0.60
−0.0060%
★Best Day
−$0.01
Aug 14
◎Open Interest
![trade[XYZ]](/icons/exchanges/hyperliquid.jpg){kind=icon}
trade[XYZ]$4.88M
Toobit$16.6K⚡Funding APR
−2.20%
annualized · funding only
⚠Execution Cost
−$30.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
trade[XYZ]$1.13MToobit$325.2KLoading 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 (−$30.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.