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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+82.57%
7d Period Avg+63.70%
swing±51.70%
LONG Binance Futures · now
+10.96%
7d avg:+10.96%
SHORT Hyperliquid · now
+93.53%
7d avg:+74.66%
Entry Spread Now
+0.138%
In your favorL 0.004333 · S 0.004339+$13.85 if it converges
24h range −0.69%…+0.72% · median +0.20%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$103.09
+1.03%
$Avg Daily PnL
+$17.44
+0.1744%
★Best Day
+$28.16
Sep 26
◎Open Interest
Binance Futures$4.97M
Hyperliquid$873.5K⚡Funding APR
+63.66%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
Binance Futures$4.76MHyperliquid$357.9KLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.