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updated 2:39:38 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+42.44%
30d Period Avg+12.95%
LONG Lighter · now
−44.71%
30d avg:−26.45%
SHORT Hyperliquid · now
−2.26%
30d avg:−13.50%
Entry Spread Now
−0.226%
Against youL 0.04908 · S 0.04897−$22.62 if it converges
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
+$77.28
+0.77%
$Avg Daily PnL
+$2.78
+0.0278%
★Best Day
+$16.66
Jul 22
◎Open Interest
Lighter$29.1K
Hyperliquid$611.0K⚡Funding APR
+10.16%
annualized · funding only
⚠Execution Cost
−$9.00
entry + exit fees
⏱Payback
3.2d
to break even
◧24h Volume
Lighter$24.9KHyperliquid$179.5KLoading 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.