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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+18.43%
swing±31.11%
LONG Bybit · now
+10.96%
7d avg:+1.59%
SHORT Hyperliquid · now
+10.96%
7d avg:+20.02%
Entry Spread Now
+0.115%
In your favorL 2.6010 · S 2.6040+$11.53 if it converges
24h range −0.35%…+0.51% · median +0.04%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$15.32
+0.15%
$Avg Daily PnL
+$5.05
+0.0505%
★Best Day
+$14.30
Sep 26
◎Open Interest
Bybit$5.49M
Hyperliquid$1.59M⚡Funding APR
+18.42%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
4.0d
to break even
◧24h Volume
Bybit$1.30MHyperliquid$321.1KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.