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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 estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+23.39%
swing±62.08%
LONG Hyperliquid · now
+10.96%
7d avg:+57.04%
SHORT Bybit · now
+10.96%
7d avg:+80.43%
Entry Spread Now
+0.000%
NeutralL 0.1680 · S 0.1680
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
−$1.16
−0.01%
$Avg Daily PnL
+$6.60
+0.0660%
★Best Day
+$24.54
Sep 27
◎Open Interest
Hyperliquid$21.15M
Bybit$14.30M⚡Funding APR
+24.09%
annualized · funding only
⚠Execution Cost
−$47.37
entry + exit fees
⏱Payback
7.2d
to break even
◧24h Volume
Hyperliquid$7.71MBybit$8.62MLoading 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 (−$47.37 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.