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updated —ALT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−24.01%
7d Period Avg+17.80%
swing±20.34%
LONG Hyperliquid · now
+10.96%
7d avg:−11.59%
SHORT Bybit · now
−13.05%
7d avg:+6.21%
Entry Spread Now
+0.241%
In your favorL 0.004981 · S 0.004993+$24.09 if it converges
24h range −0.75%…+0.95% · median +0.02%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$12.44
+0.12%
$Avg Daily PnL
+$4.63
+0.0463%
★Best Day
+$6.75
Nov 9
◎Open Interest
Hyperliquid$692.3K
Bybit$1.74M⚡Funding APR
+16.91%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
4.3d
to break even
◧24h Volume
Hyperliquid$127.5KBybit$1.23MLoading 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.