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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+56.84%
swing±75.21%
LONG Variational · now
+10.96%
7d avg:+11.82%
SHORT Hyperliquid · now
+10.96%
7d avg:+68.66%
Entry Spread Now
−0.111%
Against youL 0.09831 · S 0.09820−$11.09 if it converges
24h range −2.51%…+4.49% · median −0.02%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$99.15
+0.99%
$Avg Daily PnL
+$15.45
+0.1545%
★Best Day
+$32.05
Sep 22
◎Open Interest
Variational$740.3K
Hyperliquid$4.74M⚡Funding APR
+56.39%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
13.9h
to break even
◧24h Volume
Variational$878.2KHyperliquid$6.31MLoading 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.