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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
+0.00%
7d Period Avg−9.16%
swing±28.92%
LONG Hyperliquid · now
+10.96%
7d avg:+18.58%
SHORT BULK · now
+10.96%
7d avg:+9.42%
Entry Spread Now
−0.035%
Against youL ask 87.8780 · S bid 87.8470−$3.53 at entry
24h range −0.96%…+0.69% · median −0.06%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0%/taker0.035%
Loading Funding History…
↗Total PnL
−$35.94
−0.36%
$Avg Daily PnL
−$2.52
−0.0252%
★Best Day
+$0.68
Oct 28
◎Open Interest
Hyperliquid$1.92B
BULK$1.13M⚡Funding APR
−9.20%
annualized · funding only
⚠Execution Cost
−$18.29
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$773.13MBULK$1.53MLoading 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 (−$18.29 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.