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updated 10:36:43 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+14.05%
3d Period Avg−2.69%
LONG Hyperliquid · now
−3.09%
3d avg:+6.43%
SHORT Pacifica · now
+10.96%
3d avg:+3.74%
Entry Spread Now
−0.008%
Against youL ask 75.1860 · S bid 75.1800−$0.80 at entry
24h range −0.02%…+0.05% · median +0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.015%/taker0.040%
Loading Funding History…
↗Total PnL
−$21.56
−0.22%
$Avg Daily PnL
−$0.55
−0.0055%
★Best Day
+$0.43
Aug 16
◎Open Interest
Hyperliquid$380.25M
Pacifica$12.36M⚡Funding APR
−2.01%
annualized · funding only
⚠Execution Cost
−$19.36
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$24.82MPacifica$3.75MLoading 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 (−$19.36 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.