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updated 11:53:01 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~265d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+11.83%
3d Period Avg+32.57%
LONG N1 · now
−0.88%
3d avg:−22.42%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.15%
Entry Spread Now
−0.006%
Against youL ask 0.3488 · S bid 0.3488−$0.57 at entry
24h range −1.19%…+1.08% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$831.69
−8.32%
$Avg Daily PnL
+$6.69
+0.0669%
★Best Day
+$14.97
Aug 14
◎Open Interest
N1$2.4K
Hyperliquid$28.51M⚡Funding APR
+24.41%
annualized · funding only
⚠Execution Cost
−$858.44
entry + exit fees
⏱Payback
4.3mo
to break even
◧24h Volume
N1$2.0KHyperliquid$4.75MLoading 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 (−$858.44 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.