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updated —HYPE Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
7d Period Avg+1.44%
swing±5.44%
LONG grvt · nowHYPE_USDT_Perp
+10.96%
7d avg:+9.45%
SHORT Lighter · now
+10.52%
7d avg:+10.89%
Entry Spread Now
+3.248%
In your favorL ask 69.1610 · S bid 71.4072+$324.78 at entry
24h range −0.33%…+0.54% · median +0.03%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$10.41
−0.10%
$Avg Daily PnL
+$0.39
+0.0039%
★Best Day
+$1.28
Nov 14
◎Open Interest
grvt$5.33M
Lighter$18.34M⚡Funding APR
+1.42%
annualized · funding only
⚠Execution Cost
−$13.14
entry + exit fees
⏱Payback
1.1mo
to break even
◧24h Volume
grvt$56.67MLighter$69.08MLoading 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 (−$13.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.