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updated 7:18:19 PMFunding Arbitrage Backtester
Size$
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+0.83%
LONG Binance Futures · now
+10.96%
3d avg:+10.13%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.032%
Eaten by executionL 0.01695 · S 0.01695+$3.23 if it converges
24h range −0.29%…+0.46% · median +0.08%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$18.32
−0.18%
$Avg Daily PnL
+$0.17
+0.0017%
★Best Day
+$0.68
Aug 16
◎Open Interest
Binance Futures$1.63M
Hyperliquid$298.9K⚡Funding APR
+0.62%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
3.7mo
to break even
◧24h Volume
Binance Futures$709.8KHyperliquid$70.5KLoading 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.