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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 ~1.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+56.80%
7d Period Avg+29.78%
swing±11.56%
LONG ApeX · now
−46.28%
7d avg:−18.90%
SHORT Lighter · now
+10.52%
7d avg:+10.88%
Entry Spread Now
+2.947%
In your favorL ask 69.3630 · S bid 71.4072+$294.71 at entry
24h range −0.34%…+0.70% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$32.41
+0.32%
$Avg Daily PnL
+$8.16
+0.0816%
★Best Day
+$11.48
Nov 13
◎Open Interest
ApeX$621.6K
Lighter$18.39M⚡Funding APR
+29.77%
annualized · funding only
⚠Execution Cost
−$24.68
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
ApeX$635.4KLighter$68.68MLoading 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 (−$24.68 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.