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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 ~83d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg+0.06%
swing±5.17%
LONG Lighter · now
+10.52%
3d avg:+7.61%
SHORT Hyperliquid · now
+10.96%
3d avg:+7.67%
Entry Spread Now
+0.784%
In your favorL ask 2,437.49 · S bid 2,456.6+$78.40 at entry
24h range −0.03%…+0.04% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$10.01
−0.10%
$Avg Daily PnL
+$0.02
+0.0002%
★Best Day
+$0.36
Oct 14
◎Open Interest
Lighter$77.40M
Hyperliquid$2.68B⚡Funding APR
+0.06%
annualized · funding only
⚠Execution Cost
−$10.06
entry + exit fees
⏱Payback
20.2mo
to break even
◧24h Volume
Lighter$400.81MHyperliquid$1.10BLoading 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 (−$10.06 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.