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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
β18.96%
7d Period Avg+14.98%
swingΒ±57.93%
LONG Binance Futures Β· now
β21.66%
7d avg:β25.51%
SHORT Hyperliquid Β· now
β40.62%
7d avg:β10.53%
Entry Spread Now
β0.129%
Against youL 0.01476 Β· S 0.01474β$12.87 if it converges
24h range β2.67%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
+$10.09
+0.10%
$Avg Daily PnL
+$4.16
+0.0416%
β
Best Day
+$20.77
Oct 12
βOpen Interest
Binance Futures$9.56M
Hyperliquid$5.01Mβ‘Funding APR
+15.17%
annualized Β· funding only
β Execution Cost
β$19.00
entry + exit fees
β±Payback
4.6d
to break even
β§24h Volume
Binance Futures$53.15MHyperliquid$3.49MLoading 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.