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updated 7:04:33 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
−53.15%
3d Period Avg−13.33%
LONG Hyperliquid · now
+64.10%
3d avg:+24.29%
SHORT Binance Futures · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.240%
Against youL 0.1041 · S 0.1038−$24.02 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
−$55.08
−0.55%
$Avg Daily PnL
−$4.79
−0.0479%
★Best Day
+$0.00
Aug 20
◎Open Interest
Hyperliquid$36.84M
Binance Futures$38.91M⚡Funding APR
−17.49%
annualized · funding only
⚠Execution Cost
−$35.91
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$27.17MBinance Futures$105.07MLoading 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 (−$35.91 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.