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updated 9:03:55 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−11.57%
3d Period Avg−12.33%
LONG Variational · now
+0.65%
3d avg:+10.55%
SHORT Hyperliquid · now
−10.92%
3d avg:−1.78%
Entry Spread Now
+0.137%
In your favorL 0.1608 · S 0.1610+$13.69 if it converges
24h range −0.19%…+0.49% · median +0.10%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$17.28
−0.17%
$Avg Daily PnL
−$2.07
−0.0207%
★Best Day
−$0.23
Aug 14
◎Open Interest
Variational$58.9K
Hyperliquid$331.7K⚡Funding APR
−7.55%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$34.5KHyperliquid$67.9KLoading 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 (−$9.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.