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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 ~1.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+62.88%
7d Period Avg+36.64%
swing±45.66%
LONG Hyperliquid · now
−51.92%
7d avg:−31.18%
SHORT KuCoin · nowMINAUSDTM
+10.96%
7d avg:+5.46%
Entry Spread Now
−0.007%
NeutralL 0.1474 · S 0.1474
24h range −0.89%…+0.89% · median +0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$49.39
+0.49%
$Avg Daily PnL
+$10.06
+0.1006%
★Best Day
+$16.33
Sep 28
◎Open Interest
Hyperliquid$1.66M
KuCoin$1.09M⚡Funding APR
+36.70%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
2.1d
to break even
◧24h Volume
Hyperliquid$575.5KKuCoin$90.1KLoading 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.