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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 ~7.4d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+29.66%
3d Period Avg+17.98%
swing±67.39%
LONG Hyperliquid · now
+10.96%
3d avg:+115.18%
SHORT Bybit · now
+40.62%
3d avg:+133.16%
Entry Spread Now
+0.753%
In your favorL 0.1767 · S 0.1780+$75.28 if it converges
24h range −1.27%…+1.66% · median +0.00%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$41.36
−0.41%
$Avg Daily PnL
+$6.19
+0.0619%
★Best Day
+$24.54
Sep 27
◎Open Interest
⚡Funding APR
+22.60%
annualized · funding only
⚠Execution Cost
−$59.93
entry + exit fees
⏱Payback
9.7d
to break even
◧24h Volume
Loading 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 (−$59.93 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.