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updated —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
+0.00%
3d Period Avg+48.54%
swing±55.84%
LONG Bybit · now
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
+10.96%
3d avg:+59.50%
Entry Spread Now
−0.134%
Against youL 0.01786 · S 0.01784−$13.44 if it converges
24h range −1.05%…+2.54% · median +0.16%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$21.75
+0.22%
$Avg Daily PnL
+$13.92
+0.1392%
★Best Day
+$18.92
Sep 27
◎Open Interest
Bybit$2.85M
Hyperliquid$738.7K⚡Funding APR
+50.80%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.4d
to break even
◧24h Volume
Bybit$7.46MHyperliquid$1.85MLoading 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.