← Back to Screener
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+2.05%
swing±9.79%
LONG Lighter · now
+11.40%
7d avg:+7.37%
SHORT BULK · now
+10.96%
7d avg:+9.42%
Entry Spread Now
−3.867%
Against youL ask 91.3263 · S bid 87.7950−$386.67 at entry
24h range −1.00%…+0.62% · median −0.14%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0.035%
Loading Funding History…
↗Total PnL
−$6.08
−0.06%
$Avg Daily PnL
+$0.56
+0.0056%
★Best Day
+$2.14
Oct 28
◎Open Interest
Lighter$13.32M
BULK$1.13M⚡Funding APR
+2.06%
annualized · funding only
⚠Execution Cost
−$10.02
entry + exit fees
⏱Payback
17.8d
to break even
◧24h Volume
Lighter$70.17MBULK$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 (−$10.02 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.