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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 ~1.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+57.24%
7d Period Avg+31.13%
swing±8.05%
LONG ApeX · now
−46.28%
7d avg:−20.20%
SHORT Variational · now
+10.96%
7d avg:+10.93%
Entry Spread Now
+0.014%
In your favorL ask 69.3630 · S bid 69.3726+$1.38 at entry
24h range −0.43%…+0.41% · median −0.00%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$33.99
+0.34%
$Avg Daily PnL
+$8.17
+0.0817%
★Best Day
+$11.55
Nov 13
◎Open Interest
ApeX$621.6K
Variational$26.84M⚡Funding APR
+29.82%
annualized · funding only
⚠Execution Cost
−$23.19
entry + exit fees
⏱Payback
2.8d
to break even
◧24h Volume
ApeX$635.4KVariational$47.55MLoading 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 (−$23.19 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.