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updated —HYPE Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+272.33%
1d Period Avg+32.06%
swing±38.52%
LONG Meridian · now
−103.81%
1d avg:+16.44%
SHORT Arcus · now
+168.52%
1d avg:+48.50%
Entry Spread Now
+0.175%
In your favorL ask 92.2160 · S bid 92.3770+$17.46 at entry
24h range −0.40%…+0.95% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.030%SHORTmaker0%/taker0.022%
Loading Funding History…
↗Total PnL
−$5.04
−0.05%
$Avg Daily PnL
+$10.45
+0.1045%
★Best Day
+$6.32
Oct 30
◎Open Interest
Meridian$17.7K
Arcus$6.42M⚡Funding APR
+38.15%
annualized · funding only
⚠Execution Cost
−$15.49
entry + exit fees
⏱Payback
1.5d
to break even
◧24h Volume
Meridian$98.3KArcus$38.48MLoading 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 (−$15.49 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.