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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+0.00%
7d Period Avg+0.07%
swingΒ±13.97%
LONG Aster Β· now
+10.96%
7d avg:β7.13%
SHORT Hyperliquid Β· now
+10.96%
7d avg:β7.06%
Entry Spread Now
β0.066%
Eaten by executionL 0.3340 Β· S 0.3338β$6.56 if it converges
24h range β0.07%β¦+0.09% Β· median +0.02%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.040%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$17.23
β0.17%
$Avg Daily PnL
β$0.03
β0.0003%
β
Best Day
+$3.59
Oct 15
βOpen Interest
Aster$793.8K
Hyperliquid$13.22Mβ‘Funding APR
β0.12%
annualized Β· funding only
β Execution Cost
β$17.00
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Aster$32.4KHyperliquid$1.51MLoading Cumulative PnLβ¦
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 (β$17.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.