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updated 6:06:19 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Net Funding APR · Now
+66.29%
3d Avg—
LONG KuCoin
−55.34%
3d: —
SHORT Hyperliquid
+10.96%
3d: —
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$26.90
+0.27%
$Avg Daily PnL
+$11.98
+0.1198%
★Best Day
+$17.89
May 16
◎Open Interest
KuCoin$2.26M
Hyperliquid$1.92M⚡APR
+24.55%
annualized
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
KuCoin$5.66MHyperliquid$414.4KLoading 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.