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updated —Funding Arbitrage Backtester
Size per leg$
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
−0.90%
3d Period Avg+41.40%
swing±33.92%
LONG Hyperliquid · now
−19.50%
3d avg:−66.41%
SHORT Binance Futures · now
−20.40%
3d avg:−25.01%
Entry Spread Now
−0.052%
Eaten by executionL 0.3831 · S 0.3828−$5.23 if it converges
24h range −0.85%…+1.00% · median −0.01%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$16.69
+0.17%
$Avg Daily PnL
+$11.90
+0.1190%
★Best Day
+$18.65
Oct 14
◎Open Interest
Hyperliquid$4.30M
Binance Futures$5.77M⚡Funding APR
+43.43%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
1.6d
to break even
◧24h Volume
Hyperliquid$1.60MBinance Futures$16.09MLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.