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updated —TRX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+302.58%
1d Period Avg+24.28%
swing±46.48%
LONG Hyperliquid · now
−185.51%
1d avg:−25.21%
SHORT Hotcoin · now
+117.08%
1d avg:−0.93%
Entry Spread Now
−0.141%
Against youL 0.3195 · S 0.3190−$14.09 if it converges
24h range −0.70%…+0.28% · median −0.02%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$3.40
−0.03%
$Avg Daily PnL
+$17.60
+0.1760%
★Best Day
+$12.28
Oct 30
◎Open Interest
Hyperliquid$16.58M
Hotcoin$6.73M⚡Funding APR
+64.26%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
1.2d
to break even
◧24h Volume
Hyperliquid$14.62MHotcoin$46.87MLoading 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.