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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 ~16d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.31%
7d Period Avg+13.59%
swing±18.54%
LONG Binance Futures · now
−24.54%
7d avg:−5.51%
SHORT Hyperliquid · now
−16.24%
7d avg:+8.08%
Entry Spread Now
+0.026%
Eaten by executionL 0.02285 · S 0.02286+$2.57 if it converges
24h range −2.11%…+0.99% · median +0.03%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$10.63
−0.11%
$Avg Daily PnL
+$3.63
+0.0363%
★Best Day
+$7.54
Oct 13
◎Open Interest
Binance Futures$26.05M
Hyperliquid$37.00M⚡Funding APR
+13.25%
annualized · funding only
⚠Execution Cost
−$36.05
entry + exit fees
⏱Payback
9.9d
to break even
◧24h Volume
Binance Futures$17.51MHyperliquid$10.03MLoading 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 (−$36.05 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.