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updated 5:15:09 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Net Funding APR · Now
−9.87%
30d Avg—
LONG Hyperliquid
−7.22%
30d: —
SHORT Bybit
−17.09%
30d: —
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$14.45
−0.14%
$Avg Daily PnL
+$0.18
+0.0018%
★Best Day
+$5.93
Apr 19
◎Open Interest
Hyperliquid$1.31M
Bybit$483.2K⚡APR
−1.76%
annualized
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
3.6mo
to break even
◧24h Volume
Hyperliquid$369.0KBybit$10.2KLoading 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.