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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
+126.45%
30d Period Avg+16.99%
swing±34.92%
LONG Gate.io · now
−115.49%
30d avg:+3.20%
SHORT Hyperliquid · now
+10.96%
30d avg:+20.19%
Entry Spread Now
+0.116%
Eaten by executionL 0.6724 · S 0.6732+$11.60 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
+$114.83
+1.15%
$Avg Daily PnL
+$4.63
+0.0463%
★Best Day
+$17.35
Sep 16
◎Open Interest
⚡Funding APR
+16.89%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
5.2d
to break even
◧24h Volume
Loading 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.