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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β8.90%
3d Period Avg+4.99%
swingΒ±24.62%
LONG Binance Futures Β· now
β13.55%
3d avg:β57.79%
SHORT Hyperliquid Β· now
β22.46%
3d avg:β52.80%
Entry Spread Now
+0.456%
In your favorL 0.01491 Β· S 0.01498+$45.59 if it converges
24h range β1.16%β¦+1.53% Β· median β0.03%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$14.90
β0.15%
$Avg Daily PnL
+$1.37
+0.0137%
β
Best Day
+$2.89
Oct 14
βOpen Interest
Binance Futures$9.65M
Hyperliquid$5.09Mβ‘Funding APR
+4.99%
annualized Β· funding only
β Execution Cost
β$19.00
entry + exit fees
β±Payback
13.9d
to break even
β§24h Volume
Binance Futures$45.64MHyperliquid$2.64MLoading Cumulative PnLβ¦
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 (β$19.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.