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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
−2.37%
3d Period Avg−3.15%
swing±7.15%
LONG Hyperliquid · now
+8.50%
3d avg:+8.22%
SHORT N1 · now
+6.14%
3d avg:+5.07%
Entry Spread Now
+0.008%
In your favorL ask 119.7700 · S bid 119.7800+$0.83 at entry
24h range −0.20%…+0.20% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$30.47
−0.30%
$Avg Daily PnL
−$0.83
−0.0083%
★Best Day
+$0.27
Sep 30
◎Open Interest
Hyperliquid$340.75M
N1$121.6K⚡Funding APR
−3.03%
annualized · funding only
⚠Execution Cost
−$27.98
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$263.24MN1$305.0KLoading 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 (−$27.98 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.