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updated 10:34:45 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~30d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.98%
3d Period Avg−4.11%
LONG Hyperliquid · now
−2.98%
3d avg:+6.41%
SHORT N1 · now
+0.00%
3d avg:+2.30%
Entry Spread Now
−0.092%
Against youL ask 75.1390 · S bid 75.0700−$9.18 at entry
24h range −0.09%…−0.02% · median −0.06%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$27.74
−0.28%
$Avg Daily PnL
−$0.86
−0.0086%
★Best Day
−$0.11
Aug 13
◎Open Interest
Hyperliquid$380.12M
N1$93.0K⚡Funding APR
−3.14%
annualized · funding only
⚠Execution Cost
−$24.30
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$24.74MN1$44.2KLoading 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 (−$24.30 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.