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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%
7d Period Avg+0.17%
swing±7.33%
LONG Hyperliquid · now
+10.96%
7d avg:+8.40%
SHORT Arcus · now
+10.96%
7d avg:+8.57%
Entry Spread Now
−0.028%
Against youL ask 110.2600 · S bid 110.2290−$2.81 at entry
24h range −0.12%…−0.01% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.022%
Loading Funding History…
↗Total PnL
−$14.07
−0.14%
$Avg Daily PnL
+$0.06
+0.0006%
★Best Day
+$1.03
Oct 4
◎Open Interest
Hyperliquid$316.20M
Arcus$2.31M⚡Funding APR
+0.22%
annualized · funding only
⚠Execution Cost
−$14.50
entry + exit fees
⏱Payback
7.9mo
to break even
◧24h Volume
Hyperliquid$69.70MArcus$5.14MLoading 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 (−$14.50 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.