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updated 10:32:50 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~50d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+1.81%
LONG Hyperliquid · now
+10.96%
3d avg:+10.96%
SHORT RiseX · nowVVV-PERP
+14.47%
3d avg:+12.77%
Entry Spread Now
−0.124%
Against youL ask 11.8380 · S bid 11.8233−$12.42 at entry
24h range −0.55%…+0.23% · median −0.09%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
−$46.70
−0.47%
$Avg Daily PnL
+$0.38
+0.0038%
★Best Day
+$2.63
Aug 15
◎Open Interest
Hyperliquid$14.96M
RiseX$56.3K⚡Funding APR
+1.37%
annualized · funding only
⚠Execution Cost
−$48.21
entry + exit fees
⏱Payback
4.3mo
to break even
◧24h Volume
Hyperliquid$1.08MRiseX$300.1KLoading 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 (−$48.21 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.