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updated —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
+0.00%
3d Period Avg−3.32%
swing±5.45%
LONG Hyperliquid · now
+10.96%
3d avg:+10.75%
SHORT grvt · nowHYPE_USDT_Perp
+10.96%
3d avg:+7.43%
Entry Spread Now
+0.058%
In your favorL ask 85.1930 · S bid 85.2420+$5.75 at entry
24h range −0.34%…+0.19% · median +0.05%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$22.14
−0.22%
$Avg Daily PnL
−$0.80
−0.0080%
★Best Day
+$0.25
Oct 11
◎Open Interest
Hyperliquid$851.26M
grvt$6.77M⚡Funding APR
−2.92%
annualized · funding only
⚠Execution Cost
−$19.74
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$212.81Mgrvt$58.15MLoading 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 (−$19.74 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.