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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 ~12d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.36%
3d Period Avg+8.27%
swing±10.51%
LONG Hyperliquid · now
+5.60%
3d avg:+2.36%
SHORT Aster · now
+10.96%
3d avg:+10.63%
Entry Spread Now
+0.084%
Eaten by executionL 59.1135 · S 59.1634+$8.44 if it converges
24h range −0.25%…+0.33% · median +0.06%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
−$12.62
−0.13%
$Avg Daily PnL
+$1.46
+0.0146%
★Best Day
+$2.92
Oct 18
◎Open Interest
Hyperliquid$24.03M
Aster$1.55M⚡Funding APR
+5.33%
annualized · funding only
⚠Execution Cost
−$17.00
entry + exit fees
⏱Payback
11.6d
to break even
◧24h Volume
Hyperliquid$5.33MAster$1.56MLoading 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 (−$17.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.