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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~6.8d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+10.78%
3d Period Avgβ7.07%
swingΒ±2.94%
LONG Hyperliquid Β· now
β10.78%
3d avg:+10.96%
SHORT Bybit Β· now
+0.00%
3d avg:+3.89%
Entry Spread Now
β0.020%
Against youL ask 84,608 Β· S bid 84,591β$2.01 at entry
24h range β0.09%β¦+0.02% Β· median β0.02%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$25.81
β0.26%
$Avg Daily PnL
β$1.89
β0.0189%
β
Best Day
β$0.08
Oct 7
βOpen Interest
Hyperliquid$1.72B
Bybit$4.83Bβ‘Funding APR
β6.91%
annualized Β· funding only
β Execution Cost
β$20.13
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$1.95BBybit$4.29BLoading Cumulative PnLβ¦
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 (β$20.13 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.