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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 ~2.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+43.64%
3d Period Avg+42.12%
swing±35.38%
LONG Variational · now
+10.96%
3d avg:+12.88%
SHORT Hyperliquid · now
+54.60%
3d avg:+55.00%
Entry Spread Now
+0.011%
In your favorL ask 0.5448 · S bid 0.5449+$1.10 at entry
24h range −1.30%…+1.07% · median +0.05%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$5.95
+0.06%
$Avg Daily PnL
+$10.41
+0.1041%
★Best Day
+$14.84
Sep 26
◎Open Interest
Variational$5.31M
Hyperliquid$48.42M⚡Funding APR
+38.01%
annualized · funding only
⚠Execution Cost
−$25.29
entry + exit fees
⏱Payback
2.4d
to break even
◧24h Volume
Variational$10.78MHyperliquid$81.73MLoading 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 (−$25.29 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.