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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 ~5.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+14.88%
7d Period Avg+3.92%
swing±22.65%
LONG grvt · nowKPEPE_USDT_Perp
−6.14%
7d avg:−3.22%
SHORT Hyperliquid · nowkPEPE
+8.74%
7d avg:+0.70%
Entry Spread Now
+0.010%
NeutralL 0.004034 · S 0.004034
24h range −0.15%…+0.13% · median −0.02%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$15.42
−0.15%
$Avg Daily PnL
+$1.07
+0.0107%
★Best Day
+$6.28
Oct 9
◎Open Interest
grvt$939.3K
Hyperliquid$13.74M⚡Funding APR
+3.92%
annualized · funding only
⚠Execution Cost
−$22.94
entry + exit fees
⏱Payback
21.4d
to break even
◧24h Volume
grvt$2.52MHyperliquid$1.86MLoading 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 (−$22.94 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.