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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 ~1.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+62.19%
3d Period Avg+32.78%
swing±7.30%
LONG ApeX · now
−51.23%
3d avg:−21.88%
SHORT Variational · now
+10.96%
3d avg:+10.90%
Entry Spread Now
−0.031%
Against youL ask 68.7910 · S bid 68.7696−$3.11 at entry
24h range −0.43%…+0.41% · median −0.01%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$7.29
+0.07%
$Avg Daily PnL
+$9.60
+0.0960%
★Best Day
+$11.55
Nov 13
◎Open Interest
ApeX$616.2K
Variational$26.53M⚡Funding APR
+35.02%
annualized · funding only
⚠Execution Cost
−$21.50
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
ApeX$596.3KVariational$47.13MLoading 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 (−$21.50 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.