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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−1.73%
3d Period Avg+25.23%
swing±7.69%
LONG Hyperliquid · now
+10.96%
3d avg:+9.87%
SHORT BloFin · now
+9.23%
3d avg:+35.10%
Entry Spread Now
+0.017%
NeutralL 0.05845 · S 0.05846
24h range −0.08%…+0.13% · median +0.03%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$14.50
−0.14%
$Avg Daily PnL
+$6.87
+0.0687%
★Best Day
+$7.87
Sep 26
◎Open Interest
⚡Funding APR
+25.09%
annualized · funding only
⚠Execution Cost
−$35.12
entry + exit fees
⏱Payback
5.1d
to break even
◧24h Volume
Loading 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 (−$35.12 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.