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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β137.41%
3d Period Avgβ24.62%
swingΒ±140.23%
LONG Bitget Β· now
β273.50%
3d avg:β137.05%
SHORT Entropy Β· nowvia Hyperliquid
β410.91%
3d avg:β161.67%
Entry Spread Now
+0.851%
In your favorL 0.05910 Β· S 0.05960+$85.11 if it converges
24h range β1.18%β¦+0.81% Β· median β0.01%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.030%/taker0.090%
Loading Funding Historyβ¦
βTotal PnL
β$28.00
β0.28%
$Avg Daily PnL
+$0.67
+0.0067%
β
Best Day
+$13.51
Oct 19
βOpen Interest
Bitget$2.96M
Entropy$2.15Mβ‘Funding APR
+2.44%
annualized Β· funding only
β Execution Cost
β$30.00
entry + exit fees
β±Payback
1.5mo
to break even
β§24h Volume
Bitget$5.98MEntropy$4.39MLoading Cumulative PnLβ¦
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 (β$30.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.