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updated 10:54:58 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+59.18%
1d Period Avg+52.17%
swing±22.10%
LONG Hotcoin · now
−16.44%
1d avg:−14.84%
SHORT Hyperliquid · now
+42.74%
1d avg:+37.33%
Entry Spread Now
+0.098%
In your favorL ask 8.8090 · S bid 8.8176+$9.76 at entry
24h range −0.40%…+0.88% · median +0.15%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$13.04
−0.13%
$Avg Daily PnL
+$6.86
+0.0686%
★Best Day
+$13.59
Sep 18
◎Open Interest
Hotcoin$10.69M
Hyperliquid$100.12M⚡Funding APR
+25.04%
annualized · funding only
⚠Execution Cost
−$26.76
entry + exit fees
⏱Payback
3.9d
to break even
◧24h Volume
Hotcoin—Hyperliquid$142.64MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$26.76 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.