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updated 11:52:59 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+70.15%
3d Period Avg+49.07%
LONG Hyperliquid · now
−255.77%
3d avg:−99.68%
SHORT Gate.io · now
−185.62%
3d avg:−50.61%
Entry Spread Now
−0.158%
Against youL 0.006950 · S 0.006939−$15.83 if it converges
24h range −1.48%…+3.14% · median +0.01%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$32.45
+0.32%
$Avg Daily PnL
+$12.86
+0.1286%
★Best Day
+$25.77
Aug 15
◎Open Interest
Hyperliquid$327.4K
Gate.io$107.1K⚡Funding APR
+46.95%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
1.5d
to break even
◧24h Volume
Hyperliquid$446.0KGate.io$395.4KLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.