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updated 5:34:11 PMFunding Arbitrage Backtester
Size$
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
−70.82%
3d Period Avg−13.33%
LONG Hyperliquid · now
+81.78%
3d avg:+24.29%
SHORT Binance Futures · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.266%
In your favorL 0.1048 · S 0.1051+$26.56 if it converges
24h range −2.12%…+0.95% · median −0.17%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$53.78
−0.54%
$Avg Daily PnL
−$4.64
−0.0464%
★Best Day
−$0.25
Aug 20
◎Open Interest
Hyperliquid$37.08M
Binance Futures$39.63M⚡Funding APR
−16.95%
annualized · funding only
⚠Execution Cost
−$35.20
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$27.07MBinance Futures$101.63MLoading 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 (−$35.20 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.