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updated 3:33:34 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+32.66%
1d Period Avg+9.40%
swing±11.00%
LONG CoinW · now
−21.70%
1d avg:−10.09%
SHORT Hyperliquid · now
+10.96%
1d avg:−0.69%
Entry Spread Now
+0.009%
NeutralL 0.3406 · S 0.3406
24h range −0.07%…+0.05% · median +0.01%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$18.43
−0.18%
$Avg Daily PnL
+$1.29
+0.0129%
★Best Day
+$1.87
Sep 14
◎Open Interest
CoinW—
Hyperliquid$14.21M⚡Funding APR
+4.70%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
16.3d
to break even
◧24h Volume
CoinW—Hyperliquid$1.07MLoading 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.