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updated —BTC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+16.22%
3d Period Avg+6.22%
swing±4.94%
LONG Hyperliquid · now
−6.68%
3d avg:+4.70%
SHORT grvt · nowBTC_USDT_Perp
+9.53%
3d avg:+10.92%
Entry Spread Now
−0.018%
Against youL ask 62,333 · S bid 62,321.6−$1.83 at entry
24h range −0.22%…+0.32% · median +0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$17.27
−0.17%
$Avg Daily PnL
+$1.17
+0.0117%
★Best Day
+$1.88
Nov 14
◎Open Interest
Hyperliquid$2.32B
grvt$156.66M⚡Funding APR
+4.27%
annualized · funding only
⚠Execution Cost
−$20.78
entry + exit fees
⏱Payback
17.8d
to break even
◧24h Volume
Hyperliquid$6.93Bgrvt$178.63MLoading 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 (−$20.78 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.