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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
−8.70%
3d Period Avg+8.47%
swing±20.37%
LONG Hyperliquid · now
+10.96%
3d avg:+10.96%
SHORT Arcus · now
+2.26%
3d avg:+19.43%
Entry Spread Now
−0.144%
Against youL ask 1,225.2 · S bid 1,223.43−$14.44 at entry
24h range −0.15%…+0.08% · median −0.06%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.022%
Loading Funding History…
↗Total PnL
−$10.33
−0.10%
$Avg Daily PnL
+$2.29
+0.0229%
★Best Day
+$6.24
Oct 8
◎Open Interest
Hyperliquid$281.61M
Arcus$1.21M⚡Funding APR
+8.35%
annualized · funding only
⚠Execution Cost
−$17.19
entry + exit fees
⏱Payback
7.5d
to break even
◧24h Volume
Hyperliquid$73.09MArcus$3.85MLoading 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 (−$17.19 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.