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updated 10:01:49 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+20.23%
3d Period Avg+0.14%
LONG Extended · now
+15.78%
3d avg:+11.85%
SHORT Hyperliquid · now
+36.01%
3d avg:+11.99%
Entry Spread Now
+0.056%
In your favorL ask 196.3600 · S bid 196.4700+$5.60 at entry
24h range +0.05%…+0.34% · median +0.19%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.025%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$24.73
−0.25%
$Avg Daily PnL
+$0.03
+0.0003%
★Best Day
+$0.41
Aug 17
◎Open Interest
Extended$616.6K
Hyperliquid$32.82M⚡Funding APR
+0.10%
annualized · funding only
⚠Execution Cost
−$24.84
entry + exit fees
⏱Payback
29.9mo
to break even
◧24h Volume
Extended$107.8KHyperliquid$4.85MLoading 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 (−$24.84 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.