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updated —ETH Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~8.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.62%
3d Period Avg−3.31%
swing±9.44%
LONG grvt · nowETH_USDT_Perp
−4.05%
3d avg:+3.37%
SHORT Hyperliquid · now
+6.57%
3d avg:+0.06%
Entry Spread Now
+0.031%
In your favorL ask 1,758.35 · S bid 1,758.9+$3.13 at entry
24h range −0.53%…+0.33% · median −0.01%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$25.55
−0.26%
$Avg Daily PnL
−$0.71
−0.0071%
★Best Day
+$1.30
Nov 12
◎Open Interest
grvt$103.08M
Hyperliquid$1.14B⚡Funding APR
−2.61%
annualized · funding only
⚠Execution Cost
−$23.41
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
grvt$105.29MHyperliquid$2.11BLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$23.41 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.