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updated 12:12:14 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+44.72%
3d Period Avg+24.94%
swing±26.45%
LONG Hotcoin · now
−16.44%
3d avg:−5.48%
SHORT Hyperliquid · now
+28.28%
3d avg:+19.46%
Entry Spread Now
+0.159%
In your favorL ask 8.8070 · S bid 8.8210+$15.90 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
−$7.52
−0.08%
$Avg Daily PnL
+$5.15
+0.0515%
★Best Day
+$14.12
Sep 18
◎Open Interest
Hotcoin$10.74M
Hyperliquid$99.33M⚡Funding APR
+18.79%
annualized · funding only
⚠Execution Cost
−$28.11
entry + exit fees
⏱Payback
5.5d
to break even
◧24h Volume
Hotcoin—Hyperliquid$140.46MLoading 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 (−$28.11 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.