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updated —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
+0.00%
7d Period Avg+58.77%
swing±56.68%
LONG Bybit · now
+10.96%
7d avg:+10.96%
SHORT Hyperliquid · now
+10.96%
7d avg:+69.73%
Entry Spread Now
+0.773%
In your favorL 0.01941 · S 0.01956+$77.28 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
+$92.64
+0.93%
$Avg Daily PnL
+$16.09
+0.1609%
★Best Day
+$25.34
Sep 21
◎Open Interest
⚡Funding APR
+58.74%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.2d
to break even
◧24h Volume
Loading 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.