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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 ~0.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+120.31%
3d Period Avg+51.37%
swing±53.30%
LONG Gate.io · now
−109.36%
3d avg:−12.82%
SHORT Hyperliquid · now
+10.96%
3d avg:+38.55%
Entry Spread Now
−0.030%
Eaten by executionL 0.6761 · S 0.6759−$2.96 if it converges
24h range −0.34%…+0.44% · median +0.13%
Long pays every4hShort pays every1h
LONGmaker-0.010%/taker0.075%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$21.11
+0.21%
$Avg Daily PnL
+$15.04
+0.1504%
★Best Day
+$14.50
Sep 26
◎Open Interest
Gate.io$471.0K
Hyperliquid$3.70M⚡Funding APR
+54.88%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
1.6d
to break even
◧24h Volume
Gate.io$136.8KHyperliquid$310.8KLoading 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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.