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updated 11:15:12 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~29d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+23.05%
1d Period Avg+28.15%
LONG Hyperliquid · now
+1.50%
1d avg:+3.67%
SHORT N1 · now
+24.54%
1d avg:+31.82%
Entry Spread Now
−0.004%
NeutralL ask 485.7300 · S bid 485.7100
24h range −0.06%…+0.14% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$175.45
−1.75%
$Avg Daily PnL
+$3.92
+0.0392%
★Best Day
+$4.01
Aug 16
◎Open Interest
Hyperliquid$197.28M
N1$2.2K⚡Funding APR
+14.31%
annualized · funding only
⚠Execution Cost
−$183.29
entry + exit fees
⏱Payback
1.6mo
to break even
◧24h Volume
Hyperliquid$11.04MN1$1.3KLoading 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 (−$183.29 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.