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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β17.97%
7d Period Avg+10.64%
swingΒ±47.87%
LONG Hyperliquid Β· now
+6.64%
7d avg:β48.79%
SHORT Binance Futures Β· now
β11.33%
7d avg:β38.15%
Entry Spread Now
β0.093%
Eaten by executionL 0.3766 Β· S 0.3763β$9.29 if it converges
24h range β0.85%β¦+2.33% Β· median β0.01%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
+$10.72
+0.11%
$Avg Daily PnL
+$4.25
+0.0425%
β
Best Day
+$18.65
Oct 14
βOpen Interest
Hyperliquid$4.24M
Binance Futures$5.71Mβ‘Funding APR
+15.50%
annualized Β· funding only
β Execution Cost
β$19.00
entry + exit fees
β±Payback
4.5d
to break even
β§24h Volume
Hyperliquid$1.68MBinance Futures$17.64MLoading Cumulative PnLβ¦
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 (β$19.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.