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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+41.42%
swing±59.13%
LONG Bybit · now
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
+10.96%
3d avg:+52.38%
Entry Spread Now
−0.565%
Against youL 0.2618 · S 0.2603−$56.53 if it converges
24h range −0.91%…+0.68% · median +0.15%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$12.90
+0.13%
$Avg Daily PnL
+$10.97
+0.1097%
★Best Day
+$19.59
Sep 26
◎Open Interest
Bybit$2.89M
Hyperliquid$1.93M⚡Funding APR
+40.03%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
Bybit$1.71MHyperliquid$1.22MLoading 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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.