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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
+0.00%
3d Period Avg+4.98%
swing±5.90%
LONG Hyperliquid · now
+10.96%
3d avg:+5.98%
SHORT grvt · nowBTC_USDT_Perp
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.009%
Against youL ask 83,970 · S bid 83,962.7−$0.87 at entry
24h range −0.18%…+0.15% · median +0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$15.05
−0.15%
$Avg Daily PnL
+$1.36
+0.0136%
★Best Day
+$1.84
Sep 30
◎Open Interest
Hyperliquid$1.51B
grvt$210.97M⚡Funding APR
+4.98%
annualized · funding only
⚠Execution Cost
−$19.14
entry + exit fees
⏱Payback
14.0d
to break even
◧24h Volume
Hyperliquid$2.82Bgrvt$144.99MLoading 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 (−$19.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.