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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 ~7.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.67%
3d Period Avg+5.35%
swing±13.16%
LONG Hyperliquid · now
+1.29%
3d avg:+8.33%
SHORT Backpack · nowSOL_USDC_PERP
+10.96%
3d avg:+13.68%
Entry Spread Now
+0.003%
NeutralL ask 95.3770 · S bid 95.3800
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
−$16.53
−0.17%
$Avg Daily PnL
+$1.45
+0.0145%
★Best Day
+$3.68
Oct 30
◎Open Interest
Hyperliquid$553.77M
Backpack$27.18M⚡Funding APR
+5.28%
annualized · funding only
⚠Execution Cost
−$20.87
entry + exit fees
⏱Payback
14.4d
to break even
◧24h Volume
Hyperliquid$108.94MBackpack$5.09MLoading 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 (−$20.87 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.