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updated —WLD Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.26%
3d Period Avg+6.90%
swing±14.74%
LONG Hyperliquid · now
−59.16%
3d avg:−15.94%
SHORT Variational · now
−27.90%
3d avg:−9.04%
Entry Spread Now
−0.061%
Eaten by executionL 0.2805 · S 0.2803−$6.06 if it converges
24h range −0.52%…+0.26% · median −0.09%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$11.26
−0.11%
$Avg Daily PnL
+$0.74
+0.0074%
★Best Day
+$1.45
Nov 12
◎Open Interest
Hyperliquid$30.01M
Variational$1.28M⚡Funding APR
+2.69%
annualized · funding only
⚠Execution Cost
−$13.47
entry + exit fees
⏱Payback
18.3d
to break even
◧24h Volume
Hyperliquid$10.30MVariational$380.0KLoading 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 (−$13.47 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.