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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 ~0.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+245.43%
3d Period Avg+32.83%
swing±62.68%
LONG Bybit · now
+10.96%
3d avg:+9.37%
SHORT Hyperliquid · now
+256.39%
3d avg:+42.20%
Entry Spread Now
+0.299%
In your favorL 0.5256 · S 0.5272+$29.87 if it converges
24h range −1.44%…+2.45% · median +0.24%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$6.96
+0.07%
$Avg Daily PnL
+$8.99
+0.0899%
★Best Day
+$19.23
Sep 25
◎Open Interest
Bybit$28.12M
Hyperliquid$12.72M⚡Funding APR
+32.80%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
Bybit$21.73MHyperliquid$7.93MLoading 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.