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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%
7d Period Avg+5.60%
swing±24.69%
LONG Hyperliquid · now
+10.96%
7d avg:+13.80%
SHORT Arcus · now
+10.96%
7d avg:+19.40%
Entry Spread Now
−0.138%
Against youL ask 5.3484 · S bid 5.3410−$13.84 at entry
24h range −0.18%…+0.34% · median −0.02%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.022%
Loading Funding History…
↗Total PnL
−$9.59
−0.10%
$Avg Daily PnL
+$1.52
+0.0152%
★Best Day
+$6.82
Oct 8
◎Open Interest
Hyperliquid$201.54M
Arcus$1.16M⚡Funding APR
+5.56%
annualized · funding only
⚠Execution Cost
−$20.26
entry + exit fees
⏱Payback
13.3d
to break even
◧24h Volume
Hyperliquid$200.80MArcus$6.24MLoading 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.