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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 ~2.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+37.17%
7d Period Avg+41.97%
swing±48.49%
LONG Bybit · now
+10.96%
7d avg:+11.05%
SHORT Hyperliquid · now
+48.13%
7d avg:+53.02%
Entry Spread Now
+0.107%
In your favorL 0.8422 · S 0.8431+$10.69 if it converges
24h range −0.33%…+0.88% · median +0.11%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$60.42
+0.60%
$Avg Daily PnL
+$11.49
+0.1149%
★Best Day
+$24.61
Sep 26
◎Open Interest
Bybit$33.90M
Hyperliquid$17.45M⚡Funding APR
+41.93%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.7d
to break even
◧24h Volume
Bybit$15.15MHyperliquid$6.25MLoading 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.