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updated 9:26:15 AMFunding Arbitrage Backtester
Size$
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−1.46%
LONG Hyperliquid · now
+10.96%
3d avg:+9.77%
SHORT Bybit · now
+10.96%
3d avg:+8.31%
Entry Spread Now
−0.073%
Against youL ask 77,260 · S bid 77,203.3−$7.34 at entry
24h range −0.12%…+0.02% · median −0.05%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$21.55
−0.22%
$Avg Daily PnL
−$0.35
−0.0035%
★Best Day
+$0.74
Aug 22
◎Open Interest
Hyperliquid$2.70B
Bybit$3.67B⚡Funding APR
−1.29%
annualized · funding only
⚠Execution Cost
−$20.14
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$5.13BBybit$7.62BLoading 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 (−$20.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.