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updated 11:32:56 AMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.64%
3d Period Avg−3.17%
LONG Hyperliquid · now
+7.25%
3d avg:+8.63%
SHORT Pacifica · now
+10.89%
3d avg:+5.46%
Entry Spread Now
−0.010%
Against youL ask 77.0980 · S bid 77.0900−$1.04 at entry
24h range −0.14%…+0.50% · median −0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.015%/taker0.040%
Loading Funding History…
↗Total PnL
−$21.04
−0.21%
$Avg Daily PnL
−$0.65
−0.0065%
★Best Day
+$1.08
Jul 8
◎Open Interest
Hyperliquid$407.49M
Pacifica$7.27M⚡Funding APR
−2.38%
annualized · funding only
⚠Execution Cost
−$18.43
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$349.45MPacifica$19.25MLoading 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 (−$18.43 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.