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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+29.69%
swing±34.83%
LONG Phemex · now
+10.96%
7d avg:+10.96%
SHORT Hyperliquid · now
+10.96%
7d avg:+40.65%
Entry Spread Now
+0.018%
NeutralL 0.5704 · S 0.5705
24h range −0.81%…+0.65% · median +0.02%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$23.41
+0.23%
$Avg Daily PnL
+$8.06
+0.0806%
★Best Day
+$17.33
Sep 21
◎Open Interest
⚡Funding APR
+29.43%
annualized · funding only
⚠Execution Cost
−$33.03
entry + exit fees
⏱Payback
4.1d
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 (−$33.03 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.