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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg−3.49%
swing±10.67%
LONG Hyperliquid · now
+10.96%
3d avg:+7.98%
SHORT Pacifica · now
+10.96%
3d avg:+4.49%
Entry Spread Now
+0.076%
In your favorL ask 119.0100 · S bid 119.1000+$7.56 at entry
24h range −0.13%…+0.12% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.015%/taker0.040%
Loading Funding History…
↗Total PnL
−$22.58
−0.23%
$Avg Daily PnL
−$0.94
−0.0094%
★Best Day
+$0.25
Sep 28
◎Open Interest
⚡Funding APR
−3.44%
annualized · funding only
⚠Execution Cost
−$19.76
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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 (−$19.76 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.