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updated —CHIP 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
−11.67%
3d Period Avg−1.39%
swing±4.00%
LONG Bybit · now
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
−0.71%
3d avg:+9.57%
Entry Spread Now
−0.040%
Eaten by executionL 0.02998 · S 0.02997−$4.00 if it converges
24h range −1.22%…+0.51% · median −0.09%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$21.14
−0.21%
$Avg Daily PnL
−$0.38
−0.0038%
★Best Day
+$0.00
Nov 11
◎Open Interest
Bybit$4.04M
Hyperliquid$5.76M⚡Funding APR
−1.38%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$1.38MHyperliquid$788.5KLoading 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.