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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+8.53%
swing±8.52%
LONG Binance Futures · now
+10.96%
7d avg:+1.02%
SHORT Hyperliquid · now
+10.96%
7d avg:+9.55%
Entry Spread Now
−0.026%
Eaten by executionL 0.6800 · S 0.6798−$2.65 if it converges
24h range −2.72%…+1.04% · median +0.04%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$2.94
−0.03%
$Avg Daily PnL
+$2.29
+0.0229%
★Best Day
+$4.46
Oct 9
◎Open Interest
Binance Futures$13.92M
Hyperliquid$6.80M⚡Funding APR
+8.37%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
8.3d
to break even
◧24h Volume
Binance Futures$24.42MHyperliquid$1.56MLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.