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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
−5.70%
3d Period Avg−23.27%
swing±40.16%
LONG Hyperliquid · now
+16.66%
3d avg:+30.79%
SHORT BULK · now
+10.96%
3d avg:+7.52%
Entry Spread Now
+0.022%
In your favorL ask 87.5650 · S bid 87.5840+$2.17 at entry
24h range −0.96%…+0.72% · median −0.07%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.035%
Loading Funding History…
↗Total PnL
−$36.53
−0.37%
$Avg Daily PnL
−$6.40
−0.0640%
★Best Day
+$0.68
Oct 28
◎Open Interest
Hyperliquid$1.92B
BULK$1.14M⚡Funding APR
−23.35%
annualized · funding only
⚠Execution Cost
−$17.34
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$772.79MBULK$1.45MLoading 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 (−$17.34 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.