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updated 11:52:59 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+37.97%
3d Period Avg+21.54%
LONG Hyperliquid · now
+10.96%
3d avg:+11.03%
SHORT Perpl · now
+48.93%
3d avg:+32.57%
Entry Spread Now
−0.162%
Against youL ask 0.02100 · S bid 0.02097−$16.19 at entry
24h range −0.24%…−0.02% · median −0.11%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.050%/taker0.088%
Loading Funding History…
↗Total PnL
−$71.73
−0.72%
$Avg Daily PnL
+$2.51
+0.0251%
★Best Day
+$3.44
Aug 15
◎Open Interest
Hyperliquid$29.52M
Perpl$198.9K⚡Funding APR
+9.17%
annualized · funding only
⚠Execution Cost
−$81.78
entry + exit fees
⏱Payback
1.1mo
to break even
◧24h Volume
Hyperliquid$514.9KPerpl$178.2KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$81.78 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.