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updated —TRUMP Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+92.00%
7d Period Avg+14.69%
swing±17.71%
LONG Hyperliquid · now
−81.04%
7d avg:−3.73%
SHORT Phemex · now
+10.96%
7d avg:+10.96%
Entry Spread Now
+0.066%
Eaten by executionL 1.0563 · S 1.0570+$6.63 if it converges
24h range −0.57%…+0.76% · median +0.00%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$7.96
+0.08%
$Avg Daily PnL
+$4.14
+0.0414%
★Best Day
+$6.50
Nov 7
◎Open Interest
Hyperliquid$7.35M
Phemex$1.07M⚡Funding APR
+15.10%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
5.1d
to break even
◧24h Volume
Hyperliquid$3.63MPhemex$1.44MLoading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.