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updated 5:13:15 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Net Funding APR · Now
+44.90%
30d Avg—
LONG Hyperliquid
−27.59%
30d: —
SHORT KuCoin
+17.31%
30d: —
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$66.29
−0.66%
$Avg Daily PnL
−$2.06
−0.0206%
★Best Day
+$6.89
Apr 27
◎Open Interest
Hyperliquid$2.17M
KuCoin$5.23M⚡APR
−11.00%
annualized
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$452.1KKuCoin$516.9KLoading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.