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updated —HYPE Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
3d Period Avg+2.01%
swing±7.43%
LONG grvt · nowHYPE_USDT_Perp
+10.96%
3d avg:+8.56%
SHORT Lighter · now
+10.52%
3d avg:+10.57%
Entry Spread Now
+3.752%
In your favorL ask 68.8250 · S bid 71.4072+$375.18 at entry
24h range −0.33%…+0.54% · median +0.03%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$11.13
−0.11%
$Avg Daily PnL
+$0.55
+0.0055%
★Best Day
+$1.40
Nov 14
◎Open Interest
grvt$5.30M
Lighter$18.32M⚡Funding APR
+2.01%
annualized · funding only
⚠Execution Cost
−$12.78
entry + exit fees
⏱Payback
23.2d
to break even
◧24h Volume
grvt$56.79MLighter$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 (−$12.78 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.