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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+17.63%
swing±18.41%
LONG Hyperliquid · now
+10.96%
7d avg:+10.32%
SHORT Backpack · nowUNI_USDC_PERP
+10.96%
7d avg:+27.95%
Entry Spread Now
−0.211%
Against youL 7.1145 · S 7.0995−$21.08 if it converges
24h range −0.26%…+0.18% · median −0.03%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$9.34
+0.09%
$Avg Daily PnL
+$4.80
+0.0480%
★Best Day
+$9.48
Oct 14
◎Open Interest
⚡Funding APR
+17.53%
annualized · funding only
⚠Execution Cost
−$24.27
entry + exit fees
⏱Payback
5.0d
to break even
◧24h Volume
Loading 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 (−$24.27 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.