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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+0.00%
7d Period Avgβ0.27%
swingΒ±1.52%
LONG Hyperliquid Β· now
+10.96%
7d avg:+11.23%
SHORT edgeX V2 Β· now
+10.96%
7d avg:+10.96%
Entry Spread Now
β0.141%
Against youL ask 1,354.8 Β· S bid 1,352.89β$14.10 at entry
24h range β0.42%β¦+0.47% Β· median β0.19%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.018%/taker0.038%
Loading Funding Historyβ¦
βTotal PnL
β$18.49
β0.18%
$Avg Daily PnL
β$0.09
β0.0009%
β
Best Day
+$0.22
Oct 17
βOpen Interest
Hyperliquid$748.21M
edgeX V2$644.0Kβ‘Funding APR
β0.33%
annualized Β· funding only
β Execution Cost
β$17.86
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$357.27MedgeX V2$8.46MLoading Cumulative PnLβ¦
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 (β$17.86 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.