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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 ~4.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+18.41%
3d Period Avg+17.05%
swing±32.21%
LONG Hyperliquid · now
−7.46%
3d avg:−8.38%
SHORT KuCoin · nowMINAUSDTM
+10.96%
3d avg:+8.67%
Entry Spread Now
+0.074%
Eaten by executionL 0.1487 · S 0.1488+$7.40 if it converges
24h range −0.89%…+0.64% · median +0.02%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$3.96
+0.04%
$Avg Daily PnL
+$8.32
+0.0832%
★Best Day
+$9.83
Sep 30
◎Open Interest
Hyperliquid$1.68M
KuCoin$1.29M⚡Funding APR
+30.37%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
2.5d
to break even
◧24h Volume
Hyperliquid$573.3KKuCoin$78.0KLoading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.