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updated 11:56:41 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−1.72%
3d Period Avg+77.52%
LONG BloFin · now
+12.68%
3d avg:−111.64%
SHORT Hyperliquid · now
+10.96%
3d avg:−34.12%
Entry Spread Now
+0.283%
In your favorL 0.006357 · S 0.006375+$28.32 if it converges
24h range −0.81%…+1.32% · median +0.21%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$49.23
+0.49%
$Avg Daily PnL
+$17.56
+0.1756%
★Best Day
+$41.10
Aug 14
◎Open Interest
BloFin$223.5K
Hyperliquid$502.0K⚡Funding APR
+64.09%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
1.2d
to break even
◧24h Volume
BloFin$16.7KHyperliquid$317.3KLoading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.