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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%
3d Period Avg+30.12%
swing±19.74%
LONG Hyperliquid · now
+10.96%
3d avg:−23.25%
SHORT Binance Futures · now
+10.96%
3d avg:+6.87%
Entry Spread Now
+0.000%
NeutralL 0.007650 · S 0.007650
24h range −0.84%…+0.66% · median +0.00%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$1.26
+0.01%
$Avg Daily PnL
+$6.75
+0.0675%
★Best Day
+$8.12
Oct 14
◎Open Interest
⚡Funding APR
+24.65%
annualized · funding only
⚠Execution Cost
−$19.00
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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.