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updated 12:48:47 AMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−7.98%
3d Period Avg−4.46%
LONG Hyperliquid · now
+10.96%
3d avg:+10.96%
SHORT Variational · now
+2.98%
3d avg:+6.50%
Entry Spread Now
−0.107%
Against youL ask 1,782.3 · S bid 1,780.39−$10.72 at entry
24h range −0.63%…+0.41% · median −0.12%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$13.52
−0.14%
$Avg Daily PnL
−$0.69
−0.0069%
★Best Day
+$0.10
Jul 8
◎Open Interest
Hyperliquid$1.40B
Variational$96.06M⚡Funding APR
−2.53%
annualized · funding only
⚠Execution Cost
−$10.74
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$691.52MVariational$189.70MLoading 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 (−$10.74 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.