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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%
3d Period Avg+20.50%
swing±23.33%
LONG Phemex · now
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
+10.96%
3d avg:+31.46%
Entry Spread Now
−0.339%
Against youL 0.5750 · S 0.5730−$33.91 if it converges
24h range −0.75%…+0.65% · median +0.02%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$17.80
−0.18%
$Avg Daily PnL
+$5.70
+0.0570%
★Best Day
+$11.24
Sep 25
◎Open Interest
⚡Funding APR
+20.79%
annualized · funding only
⚠Execution Cost
−$34.89
entry + exit fees
⏱Payback
6.1d
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 (−$34.89 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.