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updated —SOL Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~45d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.65%
3d Period Avg+5.49%
swing±13.16%
LONG Hyperliquid · now
+9.31%
3d avg:+8.19%
SHORT Backpack · nowSOL_USDC_PERP
+10.96%
3d avg:+13.68%
Entry Spread Now
−0.015%
Against youL ask 95.6640 · S bid 95.6500−$1.46 at entry
24h range −0.15%…+0.13% · median −0.03%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$15.67
−0.16%
$Avg Daily PnL
+$1.50
+0.0150%
★Best Day
+$3.68
Oct 30
◎Open Interest
Hyperliquid$556.20M
Backpack$27.29M⚡Funding APR
+5.49%
annualized · funding only
⚠Execution Cost
−$20.18
entry + exit fees
⏱Payback
13.4d
to break even
◧24h Volume
Hyperliquid$102.94MBackpack$5.00MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$20.18 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.