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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+16.15%
swing±28.92%
LONG Hyperliquid · now
+10.96%
3d avg:+11.01%
SHORT Arcus · now
+10.96%
3d avg:+27.16%
Entry Spread Now
−0.152%
Against youL ask 5.3171 · S bid 5.3090−$15.23 at entry
24h range −0.25%…+0.34% · median −0.02%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.022%
Loading Funding History…
↗Total PnL
−$7.18
−0.07%
$Avg Daily PnL
+$4.36
+0.0436%
★Best Day
+$6.82
Oct 8
◎Open Interest
Hyperliquid$201.83M
Arcus$1.16M⚡Funding APR
+15.91%
annualized · funding only
⚠Execution Cost
−$20.26
entry + exit fees
⏱Payback
4.7d
to break even
◧24h Volume
Hyperliquid$200.81MArcus$6.15MLoading 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 (−$20.26 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.