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updated 11:57:53 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+57.08%
LONG LBank · now
+10.96%
3d avg:−48.00%
SHORT Hyperliquid · now
+10.96%
3d avg:+9.08%
Entry Spread Now
+0.220%
Eaten by executionL 0.006360 · S 0.006374+$22.01 if it converges
24h range −0.39%…+0.45% · median +0.11%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.015%/taker0.045%
Limited funding history — chart clipped to available data
- LBank (Long): live data only — historical backfill pending (depth grows organically as we ingest)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 33%, short 97% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$70.77
−0.71%
$Avg Daily PnL
−$3.53
−0.0353%
★Best Day
+$3.50
Aug 16
◎Open Interest
LBank—
Hyperliquid$501.8K⚡Funding APR
−12.87%
annualized · funding only
⚠Execution Cost
−$56.66
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
LBank$1.11MHyperliquid$317.6KLoading 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 (−$56.66 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.