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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+16.96%
swing±25.29%
LONG Variational · now
+10.96%
7d avg:+6.64%
SHORT Hyperliquid · now
+10.96%
7d avg:+23.60%
Entry Spread Now
+0.229%
In your favorL 0.5023 · S 0.5034+$22.89 if it converges
24h range −0.99%…+0.68% · median +0.14%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$20.44
+0.20%
$Avg Daily PnL
+$4.92
+0.0492%
★Best Day
+$11.98
Sep 24
◎Open Interest
⚡Funding APR
+17.95%
annualized · funding only
⚠Execution Cost
−$13.98
entry + exit fees
⏱Payback
2.8d
to break even
◧24h Volume
Loading 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 (−$13.98 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.