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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 ~2.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+27.38%
3d Period Avg+71.70%
swing±49.26%
LONG Bybit · now
+10.96%
3d avg:+11.19%
SHORT Hyperliquid · now
+38.34%
3d avg:+82.89%
Entry Spread Now
−0.186%
Against youL 0.8382 · S 0.8366−$18.61 if it converges
24h range −0.33%…+0.88% · median +0.10%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$36.44
+0.36%
$Avg Daily PnL
+$18.81
+0.1881%
★Best Day
+$24.61
Sep 26
◎Open Interest
Bybit$33.63M
Hyperliquid$17.33M⚡Funding APR
+68.66%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
Bybit$15.26MHyperliquid$6.09MLoading 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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.