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updated 4:50:04 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+14.88%
3d Period Avg+14.23%
swing±10.46%
LONG CoinW · now
−3.93%
3d avg:−9.19%
SHORT Hyperliquid · now
+10.96%
3d avg:+5.04%
Entry Spread Now
−0.015%
NeutralL 0.3414 · S 0.3414
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
−$12.01
−0.12%
$Avg Daily PnL
+$2.25
+0.0225%
★Best Day
+$4.90
Sep 12
◎Open Interest
CoinW—
Hyperliquid$14.23M⚡Funding APR
+8.20%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
9.3d
to break even
◧24h Volume
CoinW—Hyperliquid$1.10MLoading 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.