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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 ~1.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+70.12%
7d Period Avg+21.06%
swing±22.00%
LONG Hyperliquid · now
−59.16%
7d avg:−10.98%
SHORT Phemex · now
+10.96%
7d avg:+10.08%
Entry Spread Now
+0.029%
Eaten by executionL 0.2805 · S 0.2806+$2.85 if it converges
24h range −0.31%…+0.27% · median +0.04%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$14.96
+0.15%
$Avg Daily PnL
+$5.78
+0.0578%
★Best Day
+$10.86
Nov 8
◎Open Interest
Hyperliquid$30.01M
Phemex$1.34M⚡Funding APR
+21.08%
annualized · funding only
⚠Execution Cost
−$25.47
entry + exit fees
⏱Payback
4.4d
to break even
◧24h Volume
Hyperliquid$10.30MPhemex$2.73MLoading 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 (−$25.47 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.