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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 ~109d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
7d Period Avg−1.37%
swing±5.34%
LONG Lighter · now
+10.52%
7d avg:+10.83%
SHORT grvt · nowHYPE_USDT_Perp
+10.96%
7d avg:+9.46%
Entry Spread Now
−3.164%
Against youL ask 71.4154 · S bid 69.1560−$316.37 at entry
24h range −0.54%…+0.34% · median −0.03%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$15.87
−0.16%
$Avg Daily PnL
−$0.39
−0.0039%
★Best Day
+$0.02
Nov 12
◎Open Interest
Lighter$18.34M
grvt$5.33M⚡Funding APR
−1.42%
annualized · funding only
⚠Execution Cost
−$13.14
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Lighter$69.08Mgrvt$56.67MLoading 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.