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updated 12:33:36 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~17d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+39.37%
3d Period Avg+18.09%
LONG Hyperliquid · now
−13.95%
3d avg:+4.06%
SHORT N1 · now
+25.42%
3d avg:+22.15%
Entry Spread Now
−0.015%
Against youL ask 484.3800 · S bid 484.3100−$1.45 at entry
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
−$169.16
−1.69%
$Avg Daily PnL
+$3.66
+0.0366%
★Best Day
+$6.41
Aug 15
◎Open Interest
Hyperliquid$196.75M
N1$2.2K⚡Funding APR
+13.37%
annualized · funding only
⚠Execution Cost
−$183.81
entry + exit fees
⏱Payback
1.7mo
to break even
◧24h Volume
Hyperliquid$11.09MN1$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 (−$183.81 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.