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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 ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+123.63%
30d Period Avg+22.88%
swing±42.68%
LONG Bybit · now
+10.96%
30d avg:+11.09%
SHORT Hyperliquid · now
+134.59%
30d avg:+33.97%
Entry Spread Now
+0.005%
NeutralL 21.4240 · S 21.4250
24h range −0.34%…+0.47% · median +0.05%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$167.69
+1.68%
$Avg Daily PnL
+$6.26
+0.0626%
★Best Day
+$26.29
Sep 22
◎Open Interest
⚡Funding APR
+22.84%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
3.2d
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 + 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.