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updated 1:30:08 AMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−17.09%
3d Period Avg−6.05%
LONG Hyperliquid · now
+10.96%
3d avg:+10.96%
SHORT Extended · now
−6.14%
3d avg:+4.91%
Entry Spread Now
−0.229%
Against youL ask 1,747.2 · S bid 1,743.2−$22.89 at entry
24h range −0.42%…+0.04% · median −0.13%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.025%
Loading Funding History…
↗Total PnL
−$20.11
−0.20%
$Avg Daily PnL
−$1.24
−0.0124%
★Best Day
−$0.40
Jul 9
◎Open Interest
Hyperliquid$1.41B
Extended$29.71M⚡Funding APR
−4.54%
annualized · funding only
⚠Execution Cost
−$15.14
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$874.64MExtended$138.59MLoading 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 (−$15.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.