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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 ~1.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+56.38%
7d Period Avg+40.49%
swing±42.82%
LONG Bybit · now
+10.96%
7d avg:+11.80%
SHORT Hyperliquid · now
+67.34%
7d avg:+52.29%
Entry Spread Now
+0.080%
Eaten by executionL 1.6343 · S 1.6356+$7.95 if it converges
24h range −0.95%…+0.98% · median +0.04%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$50.51
+0.51%
$Avg Daily PnL
+$11.09
+0.1109%
★Best Day
+$14.56
Sep 27
◎Open Interest
Bybit$41.06M
Hyperliquid$31.33M⚡Funding APR
+40.47%
annualized · funding only
⚠Execution Cost
−$27.10
entry + exit fees
⏱Payback
2.4d
to break even
◧24h Volume
Bybit$36.53MHyperliquid$26.69MLoading 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 (−$27.10 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.