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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 ~1.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+29.94%
7d Period Avg+5.95%
swing±18.14%
LONG Hyperliquid · now
−58.04%
7d avg:−10.98%
SHORT Variational · now
−28.10%
7d avg:−5.03%
Entry Spread Now
−0.107%
Against youL 0.2814 · S 0.2811−$10.66 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
−$2.39
−0.02%
$Avg Daily PnL
+$1.64
+0.0164%
★Best Day
+$6.18
Nov 8
◎Open Interest
Hyperliquid$30.08M
Variational$1.29M⚡Funding APR
+5.99%
annualized · funding only
⚠Execution Cost
−$13.88
entry + exit fees
⏱Payback
8.5d
to break even
◧24h Volume
Hyperliquid$10.31MVariational$378.7KLoading 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 (−$13.88 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.