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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%
7d Period Avg+6.92%
swing±26.68%
LONG Hyperliquid · now
+10.96%
7d avg:+13.44%
SHORT Arcus · now
+10.96%
7d avg:+20.36%
Entry Spread Now
−0.145%
Against youL ask 1,222.9 · S bid 1,221.12−$14.55 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
−$2.35
−0.02%
$Avg Daily PnL
+$1.88
+0.0188%
★Best Day
+$6.24
Oct 8
◎Open Interest
Hyperliquid$281.38M
Arcus$1.23M⚡Funding APR
+6.88%
annualized · funding only
⚠Execution Cost
−$15.54
entry + exit fees
⏱Payback
8.3d
to break even
◧24h Volume
Hyperliquid$78.69MArcus$3.91MLoading 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 (−$15.54 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.