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updated 7:21:38 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−49.06%
3d Period Avg−32.71%
LONG trade[XYZ] · nowxyz:XLE
+45.05%
3d avg:+28.70%
SHORT Bitunix · now
−4.01%
3d avg:−4.01%
Entry Spread Now
+0.053%
Eaten by executionL 62.6470 · S 62.6800+$5.27 if it converges
24h range −0.02%…+0.22% · median +0.11%
Long pays every1hShort pays every8h
LONGmaker0.030%/taker0.090%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$49.88
−0.50%
$Avg Daily PnL
−$4.97
−0.0497%
★Best Day
−$1.78
Aug 16
◎Open Interest
![trade[XYZ]](/icons/exchanges/hyperliquid.jpg){kind=icon}
trade[XYZ]$2.16M
Bitunix—⚡Funding APR
−18.14%
annualized · funding only
⚠Execution Cost
−$30.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
trade[XYZ]$485.0KBitunix$80.9KLoading 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 (−$30.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.