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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 ~0.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1739.60%
3d Period Avg+240.42%
swing±237.34%
LONG Coinbase International · nowMEGA-PERP
−1725.15%
3d avg:−222.33%
SHORT Hyperliquid · now
+14.45%
3d avg:+18.09%
Entry Spread Now
+4.920%
In your favorL 0.04272 · S 0.04483+$492.00 if it converges
24h range −1.19%…+6.32% · median +1.91%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.040%SHORTmaker0.015%/taker0.045%
Sparse settlements: long 24%, short 100% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
+$13.67
+0.14%
$Avg Daily PnL
+$10.22
+0.1022%
★Best Day
+$15.98
Sep 30
◎Open Interest
Coinbase International$1.5K
Hyperliquid$3.71M⚡Funding APR
+37.31%
annualized · funding only
⚠Execution Cost
−$17.00
entry + exit fees
⏱Payback
1.7d
to break even
◧24h Volume
Coinbase International$348Hyperliquid$778.0KLoading 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.