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updated 10:32:29 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+24.85%
3d Period Avg+22.99%
LONG Hyperliquid · now
−13.46%
3d avg:−25.11%
SHORT Extended · now
+11.40%
3d avg:−2.12%
Entry Spread Now
−0.121%
Against youL 1.3906 · S 1.3889−$12.12 if it converges
24h range −0.40%…+0.05% · median −0.13%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$2.40
−0.02%
$Avg Daily PnL
+$4.72
+0.0472%
★Best Day
+$7.24
Aug 14
◎Open Interest
Hyperliquid$6.78M
Extended$701.5K⚡Funding APR
+17.23%
annualized · funding only
⚠Execution Cost
−$21.28
entry + exit fees
⏱Payback
4.5d
to break even
◧24h Volume
Hyperliquid$551.4KExtended$5.6KLoading 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 (−$21.28 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.