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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 ~89d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+0.76%
swing±1.44%
LONG Lighter Robinhood · nowBTC-USDG
+10.52%
3d avg:+10.12%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.88%
Entry Spread Now
+0.016%
In your favorL ask 80,884.4 · S bid 80,897+$1.56 at entry
24h range −0.05%…+0.06% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$10.11
−0.10%
$Avg Daily PnL
+$0.21
+0.0021%
★Best Day
+$0.32
Oct 29
◎Open Interest
Lighter Robinhood$15.38M
Hyperliquid$3.42B⚡Funding APR
+0.77%
annualized · funding only
⚠Execution Cost
−$10.74
entry + exit fees
⏱Payback
1.7mo
to break even
◧24h Volume
Lighter Robinhood$74.92MHyperliquid$2.72BLoading 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 (−$10.74 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.