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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 ~106d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
3d Period Avg−2.15%
swing±7.58%
LONG Lighter · now
+10.52%
3d avg:+10.71%
SHORT grvt · nowHYPE_USDT_Perp
+10.96%
3d avg:+8.56%
Entry Spread Now
−3.629%
Against youL ask 71.4154 · S bid 68.8240−$362.86 at entry
24h range −0.54%…+0.34% · median −0.03%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$14.43
−0.14%
$Avg Daily PnL
−$0.55
−0.0055%
★Best Day
+$0.02
Nov 11
◎Open Interest
Lighter$18.32M
grvt$5.30M⚡Funding APR
−2.01%
annualized · funding only
⚠Execution Cost
−$12.78
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$68.04Mgrvt$56.79MLoading 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.