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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 ~5.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.65%
3d Period Avg+19.76%
swing±56.20%
LONG Meridian · now
+53.29%
3d avg:+7.08%
SHORT Arcus · now
+63.94%
3d avg:+26.84%
Entry Spread Now
+0.354%
In your favorL ask 92.9920 · S bid 93.3210+$35.38 at entry
24h range −0.40%…+0.95% · median +0.07%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.030%SHORTmaker0%/taker0.022%
Loading Funding History…
↗Total PnL
−$1.22
−0.01%
$Avg Daily PnL
+$5.17
+0.0517%
★Best Day
+$10.23
Oct 30
◎Open Interest
Meridian$17.9K
Arcus$6.49M⚡Funding APR
+18.89%
annualized · funding only
⚠Execution Cost
−$16.74
entry + exit fees
⏱Payback
3.2d
to break even
◧24h Volume
Meridian$115.0KArcus$39.50MLoading 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 (−$16.74 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.