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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 ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+170.18%
7d Period Avg+44.51%
swing±61.52%
LONG Bybit · now
+10.96%
7d avg:+10.96%
SHORT Hyperliquid · now
+181.14%
7d avg:+55.47%
Entry Spread Now
+0.591%
In your favorL 21.4520 · S 21.5788+$59.11 if it converges
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
+$65.31
+0.65%
$Avg Daily PnL
+$12.19
+0.1219%
★Best Day
+$26.29
Sep 22
◎Open Interest
Bybit$1.64M
Hyperliquid$617.3K⚡Funding APR
+44.48%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.6d
to break even
◧24h Volume
Bybit$1.20MHyperliquid$133.7KLoading 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.