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updated —Funding Arbitrage Backtester
Size per leg$
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
+0.00%
3d Period Avg+2.96%
swing±7.00%
LONG Hyperliquid · now
+10.96%
3d avg:+5.87%
SHORT Backpack · nowXRP_USDC_PERP
+10.96%
3d avg:+8.83%
Entry Spread Now
−0.129%
Against youL ask 1.3144 · S bid 1.3127−$12.93 at entry
24h range −0.30%…+0.00% · median −0.11%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$18.33
−0.18%
$Avg Daily PnL
+$0.73
+0.0073%
★Best Day
+$2.16
Oct 17
◎Open Interest
⚡Funding APR
+2.67%
annualized · funding only
⚠Execution Cost
−$20.52
entry + exit fees
⏱Payback
28.1d
to break even
◧24h Volume
Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$20.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.