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updated 10:37:40 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+218.73%
30d Period Avg+24.33%
LONG Hyperliquid · now
−443.36%
30d avg:−26.85%
SHORT Gate.io · now
−224.63%
30d avg:−2.52%
Entry Spread Now
+0.336%
In your favorL 0.006850 · S 0.006873+$33.58 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
+$153.73
+1.54%
$Avg Daily PnL
+$5.57
+0.0557%
★Best Day
+$25.77
Aug 15
◎Open Interest
Hyperliquid$311.1K
Gate.io$107.9K⚡Funding APR
+20.34%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
3.4d
to break even
◧24h Volume
Hyperliquid$440.8KGate.io$396.8KLoading 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.