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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%
30d Period Avg+22.17%
swing±49.07%
LONG Bybit · now
+10.96%
30d avg:+13.40%
SHORT Hyperliquid · now
+10.96%
30d avg:+35.57%
Entry Spread Now
+0.285%
In your favorL 0.01754 · S 0.01759+$28.51 if it converges
24h range −1.05%…+2.54% · median +0.18%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$161.87
+1.62%
$Avg Daily PnL
+$6.06
+0.0606%
★Best Day
+$39.91
Sep 18
◎Open Interest
Bybit$2.63M
Hyperliquid$721.8K⚡Funding APR
+22.13%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
3.3d
to break even
◧24h Volume
Bybit$7.05MHyperliquid$1.79MLoading 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.