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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β11.82%
3d Period Avgβ10.37%
swingΒ±14.70%
LONG Lighter Β· now
+10.52%
3d avg:+1.22%
SHORT Hyperliquid Β· now
β1.31%
3d avg:β9.15%
Entry Spread Now
+0.057%
In your favorL 0.2292 Β· S 0.2293+$5.67 if it converges
24h range β0.06%β¦+0.06% Β· median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding Historyβ¦
βTotal PnL
β$19.81
β0.20%
$Avg Daily PnL
β$2.84
β0.0284%
β
Best Day
β$0.45
Oct 16
βOpen Interest
Lighter$2.08M
Hyperliquid$35.08Mβ‘Funding APR
β10.36%
annualized Β· funding only
β Execution Cost
β$11.29
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Lighter$594.0KHyperliquid$3.51MLoading Cumulative PnLβ¦
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 (β$11.29 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.