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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+27.06%
3d Period Avg+17.26%
swing±8.40%
LONG Binance Futures · now
−17.05%
3d avg:−6.46%
SHORT Hyperliquid · now
+10.01%
3d avg:+10.80%
Entry Spread Now
−0.278%
Against youL 0.1261 · S 0.1258−$27.76 if it converges
24h range −0.74%…+0.47% · median −0.02%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$4.58
−0.05%
$Avg Daily PnL
+$4.81
+0.0481%
★Best Day
+$7.31
Oct 18
◎Open Interest
⚡Funding APR
+17.55%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
4.0d
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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.