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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 ~8.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.41%
3d Period Avg+3.37%
swing±9.00%
LONG Hyperliquid · now
+5.11%
3d avg:+4.52%
SHORT Lighter · now
+10.52%
3d avg:+7.89%
Entry Spread Now
−0.155%
Against youL ask 729.0100 · S bid 727.8832−$15.46 at entry
24h range −0.05%…+0.05% · median −0.00%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$9.74
−0.10%
$Avg Daily PnL
+$0.92
+0.0092%
★Best Day
+$1.68
Oct 14
◎Open Interest
⚡Funding APR
+3.37%
annualized · funding only
⚠Execution Cost
−$12.51
entry + exit fees
⏱Payback
13.5d
to break even
◧24h Volume
Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$12.51 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.