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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
−3.04%
7d Period Avg+3.41%
swing±5.67%
LONG grvt · nowSUI_USDT_Perp
+8.55%
7d avg:+7.20%
SHORT Hyperliquid · now
+5.51%
7d avg:+10.61%
Entry Spread Now
−0.018%
NeutralL 1.1149 · S 1.1147
24h range −0.13%…+0.28% · median +0.02%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$14.41
−0.14%
$Avg Daily PnL
+$0.93
+0.0093%
★Best Day
+$2.77
Oct 5
◎Open Interest
⚡Funding APR
+3.40%
annualized · funding only
⚠Execution Cost
−$20.94
entry + exit fees
⏱Payback
22.5d
to break even
◧24h Volume
Loading 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 (−$20.94 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.