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updated 6:59:16 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Net Funding APR · Now
+32.15%
3d Avg—
LONG Hyperliquid
−27.11%
3d: —
SHORT KuCoin
+5.04%
3d: —
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$30.39
−0.30%
$Avg Daily PnL
−$1.62
−0.0162%
★Best Day
+$1.89
May 18
◎Open Interest
Hyperliquid$18.81M
KuCoin$17.55M⚡APR
−27.73%
annualized
⚠Execution Cost
−$23.90
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$3.18MKuCoin$10.54MLoading 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 (−$23.90 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.