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updated 4:28:53 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+25.86%
3d Period Avg+44.31%
LONG Lighter · now
−14.90%
3d avg:−131.10%
SHORT Hyperliquid · now
+10.96%
3d avg:−86.79%
Entry Spread Now
+0.002%
NeutralL 0.04917 · S 0.04917
24h range −0.51%…+0.51% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$4.78
+0.05%
$Avg Daily PnL
+$3.44
+0.0344%
★Best Day
+$6.59
Aug 16
◎Open Interest
Lighter$29.1K
Hyperliquid$614.9K⚡Funding APR
+12.57%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Lighter$17.3KHyperliquid$165.9KLoading 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 (−$9.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.