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updated 10:32:03 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~350d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.20%
3d Period Avg+32.52%
LONG N1 · now
+1.75%
3d avg:−22.37%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.15%
Entry Spread Now
−0.026%
Against youL ask 0.3465 · S bid 0.3464−$2.60 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
−$854.89
−8.55%
$Avg Daily PnL
+$6.68
+0.0668%
★Best Day
+$14.97
Aug 14
◎Open Interest
N1$2.4K
Hyperliquid$28.32M⚡Funding APR
+24.38%
annualized · funding only
⚠Execution Cost
−$881.61
entry + exit fees
⏱Payback
4.4mo
to break even
◧24h Volume
N1$1.9KHyperliquid$4.71MLoading 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 (−$881.61 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.