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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 ~85d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg−1.80%
swing±12.00%
LONG Lighter · now
+10.52%
3d avg:+9.37%
SHORT BULK · now
+10.96%
3d avg:+7.57%
Entry Spread Now
−0.158%
Against youL ask 87.6574 · S bid 87.5190−$15.79 at entry
24h range −1.00%…+0.62% · median −0.15%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0.035%
Loading Funding History…
↗Total PnL
−$11.70
−0.12%
$Avg Daily PnL
−$0.49
−0.0049%
★Best Day
+$0.60
Oct 29
◎Open Interest
Lighter$13.03M
BULK$1.14M⚡Funding APR
−1.81%
annualized · funding only
⚠Execution Cost
−$10.22
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$69.04MBULK$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 (−$10.22 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.