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updated 11:38:35 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~6.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+11.73%
3d Period Avg+8.39%
swing±11.04%
LONG Binance Futures · now
−0.77%
3d avg:−10.90%
SHORT Hyperliquid · now
+10.96%
3d avg:−2.51%
Entry Spread Now
+0.031%
Eaten by executionL 0.3384 · S 0.3385+$3.07 if it converges
24h range −0.09%…+0.08% · median +0.01%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$13.35
−0.13%
$Avg Daily PnL
+$1.49
+0.0149%
★Best Day
+$2.85
Sep 7
◎Open Interest
Binance Futures$96.73M
Hyperliquid$14.45M⚡Funding APR
+5.43%
annualized · funding only
⚠Execution Cost
−$19.30
entry + exit fees
⏱Payback
13.0d
to break even
◧24h Volume
Binance Futures$46.57MHyperliquid$1.70MLoading 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 (−$19.30 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.