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updated 4:28:29 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.15%
3d Period Avg+9.00%
LONG Hyperliquid · now
−28.29%
3d avg:−21.41%
SHORT Variational · now
−2.14%
3d avg:−12.41%
Entry Spread Now
−0.207%
Against youL 1.6841 · S 1.6806−$20.69 if it converges
24h range −0.58%…+0.22% · median −0.15%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$1.18
−0.01%
$Avg Daily PnL
+$1.95
+0.0195%
★Best Day
+$5.86
Aug 15
◎Open Interest
Hyperliquid$290.0K
Variational$43.7K⚡Funding APR
+7.13%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
4.6d
to break even
◧24h Volume
Hyperliquid$70.3KVariational$13.4KLoading 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 (−$9.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.