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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+11.96%
3d Period Avg+9.49%
swing±12.13%
LONG Binance Futures · now
−1.01%
3d avg:−1.70%
SHORT Hyperliquid · now
+10.96%
3d avg:+7.79%
Entry Spread Now
+0.319%
In your favorL 0.4105 · S 0.4118+$31.92 if it converges
24h range −1.28%…+1.51% · median +0.02%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$11.42
−0.11%
$Avg Daily PnL
+$2.53
+0.0253%
★Best Day
+$3.40
Oct 15
◎Open Interest
Binance Futures$9.40M
Hyperliquid$3.35M⚡Funding APR
+9.22%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
7.5d
to break even
◧24h Volume
Binance Futures$33.46MHyperliquid$2.34MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.