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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 ~8.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.80%
7d Period Avg+40.30%
swing±44.97%
LONG Bybit · now
+8.46%
7d avg:+11.05%
SHORT Hyperliquid · now
+17.26%
7d avg:+51.35%
Entry Spread Now
+0.192%
In your favorL 0.8066 · S 0.8082+$19.22 if it converges
24h range −0.51%…+1.06% · median +0.15%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$56.35
+0.56%
$Avg Daily PnL
+$10.91
+0.1091%
★Best Day
+$24.61
Sep 26
◎Open Interest
Bybit$27.72M
Hyperliquid$15.88M⚡Funding APR
+39.81%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
Bybit$19.26MHyperliquid$5.17MLoading 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.