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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.66%
7d Period Avg+4.83%
swing±9.67%
LONG grvt · nowBNB_USDT_Perp
+11.61%
7d avg:+5.07%
SHORT Hyperliquid · now
+10.96%
7d avg:+9.90%
Entry Spread Now
−0.061%
Against youL ask 770.0800 · S bid 769.6100−$6.10 at entry
24h range −0.21%…+0.11% · median −0.09%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$12.92
−0.13%
$Avg Daily PnL
+$1.24
+0.0124%
★Best Day
+$3.00
Sep 26
◎Open Interest
grvt$2.90M
Hyperliquid$22.58M⚡Funding APR
+4.52%
annualized · funding only
⚠Execution Cost
−$21.58
entry + exit fees
⏱Payback
17.4d
to break even
◧24h Volume
grvt$29.54MHyperliquid$4.57MLoading 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 (−$21.58 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.