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updated 10:55:13 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−1.26%
3d Period Avg−2.35%
LONG Hyperliquid · now
+5.78%
3d avg:+10.66%
SHORT Backpack · nowSOL_USDC_PERP
+4.52%
3d avg:+8.31%
Entry Spread Now
+0.000%
NeutralL ask 80.8700 · S bid 80.8700
24h range −0.34%…+0.43% · median −0.07%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$22.48
−0.22%
$Avg Daily PnL
−$0.47
−0.0047%
★Best Day
+$0.00
Jul 4
◎Open Interest
⚡Funding APR
−1.73%
annualized · funding only
⚠Execution Cost
−$20.59
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 + live L2 orderbook slippage on both legs (−$20.59 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.