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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 ~2.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.94%
7d Period Avg+12.96%
swing±27.02%
LONG Variational · now
+10.96%
7d avg:+10.93%
SHORT BloFin · now
+37.90%
7d avg:+23.89%
Entry Spread Now
+0.076%
In your favorL ask 69.2382 · S bid 69.2910+$7.63 at entry
24h range −0.41%…+0.85% · median +0.07%
Long pays every8hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$5.40
+0.05%
$Avg Daily PnL
+$3.25
+0.0325%
★Best Day
+$9.00
Nov 11
◎Open Interest
Variational$26.84M
BloFin$16.62M⚡Funding APR
+11.86%
annualized · funding only
⚠Execution Cost
−$17.35
entry + exit fees
⏱Payback
5.3d
to break even
◧24h Volume
Variational$47.91MBloFin$14.82MLoading 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 (−$17.35 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.