← Back to Screener
updated —HYPE Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+77.14%
3d Period Avg+90.97%
swing±31.76%
LONG Lighter Robinhood · nowHYPE-USDG
+10.52%
3d avg:+10.43%
SHORT Bullet · now
+87.66%
3d avg:+101.40%
Entry Spread Now
+0.006%
In your favorL ask 87.7820 · S bid 87.7870+$0.57 at entry
24h range −0.15%…+0.23% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
+$59.48
+0.59%
$Avg Daily PnL
+$24.91
+0.2491%
★Best Day
+$27.50
Oct 31
◎Open Interest
Lighter Robinhood$3.98M
Bullet$217.3K⚡Funding APR
+90.91%
annualized · funding only
⚠Execution Cost
−$15.24
entry + exit fees
⏱Payback
14.6h
to break even
◧24h Volume
Lighter Robinhood$16.58MBullet$2.45MLoading 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 (−$15.24 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.