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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 ~0.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+76.70%
3d Period Avg+91.29%
swing±32.53%
LONG Variational · now
+10.96%
3d avg:+10.96%
SHORT Bullet · now
+87.66%
3d avg:+102.25%
Entry Spread Now
+0.072%
In your favorL ask 87.6921 · S bid 87.7550+$7.17 at entry
24h range −0.16%…+0.41% · median +0.10%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
+$60.33
+0.60%
$Avg Daily PnL
+$24.76
+0.2476%
★Best Day
+$27.38
Oct 31
◎Open Interest
Variational$45.03M
Bullet$218.3K⚡Funding APR
+90.38%
annualized · funding only
⚠Execution Cost
−$13.96
entry + exit fees
⏱Payback
13.4h
to break even
◧24h Volume
Variational$40.87MBullet$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 (−$13.96 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.