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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~17d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.85%
3d Period Avg+3.60%
swing±32.02%
LONG grvt · nowKPEPE_USDT_Perp
+0.77%
3d avg:−8.33%
SHORT Hyperliquid · nowkPEPE
+5.62%
3d avg:−4.73%
Entry Spread Now
−0.037%
Eaten by executionL 0.004013 · S 0.004012−$3.73 if it converges
24h range −0.15%…+0.09% · median −0.02%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$19.24
−0.19%
$Avg Daily PnL
+$1.24
+0.0124%
★Best Day
+$6.28
Oct 9
◎Open Interest
grvt$938.4K
Hyperliquid$13.69M⚡Funding APR
+4.52%
annualized · funding only
⚠Execution Cost
−$22.96
entry + exit fees
⏱Payback
18.5d
to break even
◧24h Volume
grvt$2.51MHyperliquid$1.76MLoading 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 (−$22.96 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.