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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.93%
3d Period Avg+9.34%
swing±8.84%
LONG Binance Futures · now
+2.03%
3d avg:+1.62%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.064%
Eaten by executionL 0.1983 · S 0.1982−$6.35 if it converges
24h range −0.77%…+0.86% · median +0.06%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$11.44
−0.11%
$Avg Daily PnL
+$2.52
+0.0252%
★Best Day
+$4.16
Oct 16
◎Open Interest
Binance Futures—
Hyperliquid$4.42M⚡Funding APR
+9.20%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
7.5d
to break even
◧24h Volume
Binance Futures$12.68MHyperliquid$963.2KLoading 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.