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updated 11:56:12 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−8.85%
3d Period Avg−25.26%
LONG Hyperliquid · now
+10.96%
3d avg:+10.96%
SHORT Orderly · nowPERP_BTC_USDC
+2.10%
3d avg:−14.30%
Entry Spread Now
−0.095%
Against youL 64,132 · S 64,071.3−$9.46 if it converges
24h range −0.28%…+0.05% · median −0.09%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.030%
Loading Funding History…
↗Total PnL
−$36.26
−0.36%
$Avg Daily PnL
−$7.03
−0.0703%
★Best Day
−$5.20
Jul 10
◎Open Interest
⚡Funding APR
−25.67%
annualized · funding only
⚠Execution Cost
−$15.16
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$15.16 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.