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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
+234.61%
3d Period Avg+25.37%
swing±124.17%
LONG Hyperliquid · now
−149.30%
3d avg:−37.23%
SHORT Hotcoin · now
+85.31%
3d avg:−11.86%
Entry Spread Now
+0.016%
NeutralL 0.3166 · S 0.3166
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
+$34.21
+0.34%
$Avg Daily PnL
+$18.40
+0.1840%
★Best Day
+$44.01
Oct 30
◎Open Interest
Hyperliquid$16.30M
Hotcoin$6.86M⚡Funding APR
+67.17%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
Hyperliquid$13.82MHotcoin$45.17MLoading 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.