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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+11.69%
swing±22.39%
LONG Phemex · now
+10.96%
7d avg:+10.96%
SHORT Hyperliquid · now
+10.96%
7d avg:+22.65%
Entry Spread Now
−0.119%
Against youL ask 9.6200 · S bid 9.6085−$11.95 at entry
24h range −0.32%…+0.18% · median +0.07%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$21.38
−0.21%
$Avg Daily PnL
+$3.20
+0.0320%
★Best Day
+$6.97
Sep 23
◎Open Interest
⚡Funding APR
+11.68%
annualized · funding only
⚠Execution Cost
−$43.78
entry + exit fees
⏱Payback
13.7d
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 + live L2 orderbook slippage on both legs (−$43.78 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.