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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 ~1.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+60.91%
3d Period Avg+34.72%
swing±11.62%
LONG ApeX · now
−50.39%
3d avg:−24.15%
SHORT Lighter · now
+10.52%
3d avg:+10.57%
Entry Spread Now
+3.803%
In your favorL ask 68.7910 · S bid 71.4072+$380.31 at entry
24h range −0.34%…+0.70% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$5.57
+0.06%
$Avg Daily PnL
+$9.50
+0.0950%
★Best Day
+$11.48
Nov 13
◎Open Interest
ApeX$616.2K
Lighter$18.32M⚡Funding APR
+34.69%
annualized · funding only
⚠Execution Cost
−$22.94
entry + exit fees
⏱Payback
2.4d
to break even
◧24h Volume
ApeX$596.6KLighter$68.04MLoading 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 (−$22.94 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.