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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
−16.22%
3d Period Avg+3.20%
swing±6.77%
LONG Hyperliquid · now
+10.96%
3d avg:+2.74%
SHORT Lighter Robinhood · nowBTC-USDG
−5.26%
3d avg:+5.94%
Entry Spread Now
+0.005%
In your favorL ask 83,281 · S bid 83,285.4+$0.53 at entry
24h range −0.08%…+0.09% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$7.65
−0.08%
$Avg Daily PnL
+$0.86
+0.0086%
★Best Day
+$1.71
Oct 11
◎Open Interest
Hyperliquid$3.12B
Lighter Robinhood$18.14M⚡Funding APR
+3.14%
annualized · funding only
⚠Execution Cost
−$10.23
entry + exit fees
⏱Payback
11.9d
to break even
◧24h Volume
Hyperliquid$3.00BLighter Robinhood$117.48MLoading 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 (−$10.23 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.