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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 ~2.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.57%
7d Period Avg+24.89%
swing±32.96%
LONG Variational · now
+8.38%
7d avg:+9.22%
SHORT Hyperliquid · now
+39.96%
7d avg:+34.11%
Entry Spread Now
+0.255%
In your favorL 0.02746 · S 0.02753+$25.49 if it converges
24h range −0.36%…+2.27% · median +0.28%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$28.33
+0.28%
$Avg Daily PnL
+$6.76
+0.0676%
★Best Day
+$11.84
Sep 21
◎Open Interest
Variational$1.38M
Hyperliquid$22.70M⚡Funding APR
+24.68%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
2.8d
to break even
◧24h Volume
Variational$671.4KHyperliquid$12.06MLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.