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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 ~2.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+32.00%
3d Period Avg+58.30%
swing±49.76%
LONG Bybit · now
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
+42.96%
3d avg:+69.26%
Entry Spread Now
−0.565%
Against youL 0.01966 · S 0.01954−$56.47 if it converges
24h range +0.10%…+0.83% · median +0.36%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$27.32
+0.27%
$Avg Daily PnL
+$15.77
+0.1577%
★Best Day
+$20.20
Sep 27
◎Open Interest
Bybit$2.13M
Hyperliquid$828.4K⚡Funding APR
+57.57%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.3d
to break even
◧24h Volume
Bybit$549.0KHyperliquid$198.0KLoading 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.