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updated 10:32:02 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~20d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+13.51%
3d Period Avg+21.31%
LONG Hyperliquid · now
+10.96%
3d avg:+11.03%
SHORT Perpl · now
+24.46%
3d avg:+32.34%
Entry Spread Now
−0.100%
Against youL ask 0.02094 · S bid 0.02092−$10.03 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
−$62.71
−0.63%
$Avg Daily PnL
+$2.50
+0.0250%
★Best Day
+$3.44
Aug 15
◎Open Interest
Hyperliquid$29.44M
Perpl$196.9K⚡Funding APR
+9.13%
annualized · funding only
⚠Execution Cost
−$72.72
entry + exit fees
⏱Payback
29.1d
to break even
◧24h Volume
Hyperliquid$544.5KPerpl$175.4KLoading 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 (−$72.72 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.